S&P stabilizes Deutsche Lufthansa view

S&P said it revised Deutsche Lufthansa AG’s outlook to stable from negative and affirmed the BB- issuer credit rating, the BB- rating on the unsecured debt and the CC rating on the junior subordinated debt.

“Despite the delayed traffic recovery in 2021, Lufthansa stabilized its liquidity through proactive cash flow management and external funding. In 2022, demand in air passenger traffic should recover to up to 70% of the pre-pandemic level, and teamed with the cost-reduction measures, should improve adjusted EBITDA to €2 billion-€2.5 billion from the break-even forecast for this year and translate into credit metrics commensurate with the current rating,” S&P said in a press release.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.