Brazil-based airline GOL Linhas Aéreas Inteligentes S.A. (NYSE: GOL) (B3: GOLL4) has announced that corporate credit rating agency Standard & Poor´s (S&P) has upgraded the company´s credit rating, as well as that of the notes issued by the company and by its fully-owned subsidiaries, the company said.
GOL´s foreign and local currency Issuer Default Ratings (IDR) have been upgraded from B- to B, with a stable outlook. GOL´s unsecured notes and GOL´s perpetual bonds were also upgraded from B- to B, with a stable outlook.
GOL´s national scale rating was upgraded from brBBB to brA, with a stable outlook.
GOL Linhas Aéreas Inteligentes S.A. is Brazil´s largest airline group with three main businesses: passenger transportation, cargo transportation and coalition loyalty program.