Moody’s upgrades Air NZ to Baa1 rating

Moody's Investors Service has upgraded Air New Zealand's issuer rating and senior unsecured debt rating from Baa2 to Baa1, with a stable rating outlook.

This upgrade reflects the airline's improved standalone credit profile, which has returned to pre-pandemic levels.

Moody's has also upgraded Air New Zealand's senior unsecured medium-term note programme rating from (P)Baa2 to (P)Baa1.