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Not doomed but very risky: airBaltic’s financial troubles deepen as S&P cuts credit rating
Summary by Lietuvos Radijas Ir Televizija
2 Articles
2 Articles
Not doomed but very risky: airBaltic’s financial troubles deepen as S&P cuts credit rating
Latvia’s national airline airBaltic is facing mounting financial pressure after S&P Global Ratings cut its credit rating to CCC- from CCC+, warning that the carrier may need as much as 170 million euros in additional capital.
·Vilnius, Lithuania
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International credit rating agency Standard & Poor's on Tuesday downgraded the long-term credit rating of Latvia's national airline airBaltic from "CCC+" to "CCC-", and the rating of airBaltic's secured bonds from "CCC+" to "CCC-".
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Total News Sources2
Leaning Left0Leaning Right0Center1Last UpdatedBias Distribution100% Center
Bias Distribution
- 100% of the sources are Center
100% Center
C 100%
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