Fitch changes Airbus view to negative

Fitch Ratings said it revised Airbus SE's outlook to negative from positive. It affirmed Airbus' long-term issuer default rating and Airbus Group Finance BV's senior unsecured rating at A-.

“Fitch's rating case includes expectations for a significant global economic downturn through 2Q20, followed by a recovery in 2H20 and into 2021. This scenario will dramatically affect airline traffic and financial results, driving requests for delivery deferrals. Under this scenario, Fitch believes Airbus may face a challenge to return its credit metrics to levels consistent with an A- rating by end-2021, which would result in a downgrade,” said Fitch in a press release.

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