SAO PAULO, Dec. 26, 2017 /PRNewswire/ -- GOL Linhas
Aereas Inteligentes S.A. ("GOL" or "Company"), (NYSE: GOL and B3:
GOLL4), Brazil's #1
airline, announced that Moody's - one of three major corporate
credit rating agencies - upgraded the GOL corporate family credit
rating by four notches from Caa3 to B2 and the credit rating of Gol
Finance's perpetual notes to B3 (from C), with a stable outlook.
Moody's also affirmed the foreign currency rating assigned to Gol
LuxCo S.A.'s term loan at Baa3. "With this change, all three major
rating agencies have now acknowledged GOL's improved credit risk, a
result of the successful right sizing plan the Company executed
through the economic downturn in Brazil", said Richard
Lark, Chief Financial Officer.
Investor Relations
ri@voegol.com.br
www.voegol.com.br/ir
+55(11) 2128-4700
About GOL Linhas Aereas Inteligentes S.A.
Brazil's largest airline group.
GOL is Brazil's
largest airline, carrying 33 million passengers annually on more
than 700 daily flights to 64 destinations, 53 in Brazil and 11 in South America and the Caribbean, on a fleet of 120 Boeing 737
aircraft, with a further 120 Boeing 737 MAX on order.
GOLLOG is a leading cargo transportation and
logistics business serving more than 2,400 Brazilian municipalities
and, through partners, 205 international destinations in 95
countries. SMILES is one of the largest coalition
loyalty programs in Latin America,
with 13 million registered participants, allowing clients to
accumulate miles and redeem tickets for more than 700 locations
worldwide. GOL has a team of more than 15,000 highly skilled
aviation professionals delivering Brazil's top on-time performance, and an
industry leading 16 year safety record. GOL's shares are traded on
the NYSE (GOL) and the B3 (GOLL4).
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SOURCE GOL Linhas Aereas Inteligentes S.A.