S&P: Gol Linhas view negative

Standard & Poor's said it revised the outlook on Gol Linhas Aereas Inteligentes SA to negative from stable and affirmed its BB- global scale corporate credit rating and brA Brazil national scale rating.

The outlook revision reflects the company's weak results in the second quarter, which will likely lower its credit metrics more than expected, according to the agency.

Given strong demand fundamentals, the company's efficient cost structure and prudent financial policy, and its rational pricing, Gol can limit the deterioration in 2012, the agency noted.

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