German Airline Lufthansa 'BBB-/A-3' Ratings Affirmed On Improved Credit Measures; Outlook Stable - S&P Global Ratings’ Credit Research

German Airline Lufthansa 'BBB-/A-3' Ratings Affirmed On Improved Credit Measures; Outlook Stable

German Airline Lufthansa 'BBB-/A-3' Ratings Affirmed On Improved Credit Measures; Outlook Stable - S&P Global Ratings’ Credit Research
German Airline Lufthansa 'BBB-/A-3' Ratings Affirmed On Improved Credit Measures; Outlook Stable
Published Apr 27, 2016
6 pages (2855 words) — Published Apr 27, 2016
Price US$ 150.00  |  Buy this Report Now

About This Report

  
Abstract:

German airline Deutsche Lufthansa AG improved its credit measures in 2015. We believe that 2016 and 2017 will likely be fairly solid years for Lufthansa's EBITDA because of good air traffic and reduced fuel prices. We forecast that the company will maintain its Standard&Poor's-adjusted funds from operations to debt in the mid-20% area in 2016 and 2017, which is consistent with a significant financial risk profile. We are therefore affirming the 'BBB-/A-3' ratings on Lufthansa. The stable outlook reflects our view that Lufthansa will be able to maintain its weighted-average adjusted FFO to debt above 23% in 2016-2017. FRANKFURT (Standard&Poor's) April 27, 2016--Standard&Poor's Ratings Services said today that it affirmed its 'BBB-/A-3' long- and

  
Brief Excerpt:

...+ German airline Deutsche Lufthansa AG improved its credit measures in 2015. + We believe that 2016 and 2017 will likely be fairly solid years for Lufthansa's EBITDA because of good air traffic and reduced fuel prices. + We forecast that the company will maintain its Standard & Poor's-adjusted funds from operations to debt in the mid-20% area in 2016 and 2017, which is consistent with a significant financial risk profile. + We are therefore affirming the '###-/A-3' ratings on Lufthansa. + The stable outlook reflects our view that Lufthansa will be able to maintain its weighted-average adjusted FFO to debt above 23% in 2016-2017. FRANKFURT (Standard & Poor's) April 27, 2016--Standard & Poor's Ratings Services said today that it affirmed its '###-/A-3' long- and short-term corporate credit ratings on German airline Deutsche Lufthansa AG. The outlook is stable. At the same time, we affirmed all issue ratings on debt instruments issued by Lufthansa. The rating affirmation follows an improvement...

  
Report Type:

Ratings Action

Ticker
LHA@GR
Issuer
GICS
Airlines (20302010)
Sector
Global Issuers, Structured Finance
Country
Region
United States
Format:
PDF Adobe Acrobat
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S&P Global Ratings’ Credit Research—S&P Global Ratings’ credit research provides analysis on issuers and debt obligations of corporations, states and municipalities, financial institutions, insurance companies and sovereign governments. S&P Global Ratings also offers insight into the credit risk of structured finance deals, providing an independent view of credit risk associated with a growing array of debt-securitized instruments.

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Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "German Airline Lufthansa 'BBB-/A-3' Ratings Affirmed On Improved Credit Measures; Outlook Stable" Apr 27, 2016. Alacra Store. May 06, 2025. <http://www.alacrastore.com/s-and-p-credit-research/German-Airline-Lufthansa-BBB-A-3-Ratings-Affirmed-On-Improved-Credit-Measures-Outlook-Stable-1624257>
  
APA:
S&P Global Ratings’ Credit Research. (). German Airline Lufthansa 'BBB-/A-3' Ratings Affirmed On Improved Credit Measures; Outlook Stable Apr 27, 2016. New York, NY: Alacra Store. Retrieved May 06, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/German-Airline-Lufthansa-BBB-A-3-Ratings-Affirmed-On-Improved-Credit-Measures-Outlook-Stable-1624257>
  
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