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Published on 11/1/2018 in the Prospect News Convertibles Daily and Prospect News Investment Grade Daily.

S&P rates International Consolidated Airlines BBB-

S&P said it assigned its BBB- long-term issuer credit rating to International Consolidated Airlines Group, SA.

The outlook is stable.

“Our rating on IAG reflects the group's excellent competitive position based on the leading market shares of its brands in their focused markets,” the agency said in a news release.

“The rating is underpinned by IAG's disciplined cost management across the group, as reflected in its strong profitability.”


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