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.
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The Index closed at 12,988.03, up 83.92 points or 0.65%
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