S&P lifts Amadeus to positive

S&P said it revised the outlook on Amadeus IT Holding, SA to positive from stable.

The agency also said it affirmed the company’s BBB long-term and A-2 short-term corporate credit ratings.

S&P also said it affirmed the ratings on the group's debt.

The outlook revision reflects that the company’s metrics for financial year 2015 are stronger than previously anticipated, the agency said, and that the group has consistently posted healthy operating performances in the past few years.

S&P said it believes that the company’s recent acquisition of travel technology company Navitaire LLC will strengthen its business risk profile by allowing the group to expand into the low-cost-carrier and hybrid markets.

The agency also said it anticipates that Navitaire will provide Amadeus integration opportunities for both its Altea and New Skies customers and further its geographical diversification in the Americas.

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