Airbus Outlook Revised To Positive On Possible Improvement In Financial Policy; 'A/A-1' Ratings Affirmed

We see less risk that Airbus Group SE (Airbus) will take financial policy decisions that could weaken credit metrics, such as making large debt-financed acquisitions or implementing material share-buy backs. Therefore, we see a possibility that we could revise our assessment of Airbus' financial policy and so remove the notch of negative adjustment that constrains the long-term ratings. We are consequently revising our outlook on Airbus to positive from stable, and affirming our 'A/A-1' ratings. The positive outlook reflects the possibility that we could raise the long-term rating on Airbus within the next year, if we consider that financial policy decisions remain supportive. LONDON (Standard&Poor's) Sept. 15, 2015--Standard&Poor's Ratings Services today revised to positive from stable

...+ We see less risk that Airbus Group SE (Airbus) will take financial policy decisions that could weaken credit metrics, such as making large debt-financed acquisitions or implementing material share-buy backs. + Therefore, we see a possibility that we could revise our assessment of Airbus' financial policy and so remove the notch of negative adjustment that constrains the long-term ratings. + We are consequently revising our outlook on Airbus to positive from stable, and affirming our 'A/A-1' ratings. + The positive outlook reflects the possibility that we could raise the long-term rating on Airbus within the next year, if we consider that financial policy decisions remain supportive. LONDON (Standard & Poor's) Sept. 15, 2015--Standard & Poor's Ratings Services today revised to positive from stable its outlook on Netherlands-based aerospace and defense company Airbus Group SE (Airbus). At the same time, we affirmed our 'A' long-term and 'A-1' short-term corporate credit ratings and all...

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