S&P assigns preliminary B-rating to proposed senior unsecured notes offering

GOL Linhas Aéreas Inteligentes S.A. (NYSE: GOL and B3: GOLL4), Brazil´s #1 airline, has announced that Standard & Poor`s–one of three major corporate credit rating agencies–assigned a preliminary rating B- (from CCC+) to the proposed senior unsecured notes offering, the company said.

The long-term global scale corporate credit rating and Brazil national scale long term corporate rating and the issue ratings on Gol´s existing senior unsecured notes due 2020, 2022, and 2023 were placed on CreditWatch with positive implications and are expected to be upgraded by one notch when the proposed senior unsecured notes offering is completed.

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Brazil´s largest airline group. GOL is Brazil´s largest airline, carrying 33 million passengers annually on more than 700 daily flights to 63 destinations, 52 in Brazil and 11 in South America and the Caribbean, on a fleet of 120 Boeing 737 aircraft, with a further 120 Boeing 737 MAX on order.