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Discussion in 'Air Canada | Aeroplan' started by milchap, Apr 24, 2012.
Apparently Standard and Poor, the credit rating agency, thinks they are ok and has taken AC off their credit watch.
Given that they are all about risk assessment, it should be. It doesn't meant that AC will stay in its current form, but at least a CCAA filing in the near term is unlikely based on their analysis.
Actually S&P still hold a negative outlook on AC despite removing it from Credit Watch:
MONTREAL - Standard & Poor's Ratings Services removed Air Canada from its CreditWatch Tuesday but still expects the airline's bookings and revenues could be impacted by unresolved labour disputes.
The ratings agency said it affirmed the airline's long-term corporate credit ratings at B-, but it removed the carrier after one month from its CreditWatch.
S&P expects Air Canada (TSX:AC.B) will generate weaker cash flow this year because of operational disruptions caused by labour disputes.