The publish Moody’s raises Avianca’s score from B3 to B2 because of the good execution of the marketing strategy appeared first on TD (Journey Each day Media) Model TD.
Moody’s just lately reported upgrades to Avianca and LifeMiles from B3 to B2, because of the sturdy execution of the marketing strategy after rising from Chapter 11 restructuring with a strengthened capital construction and decrease prices, in addition to a enterprise mannequin change.
The credit standing company mentioned the B2 CFR score continues to replicate the corporate’s main place in Latin America and its favorable value construction, noting that within the third quarter of 2023 the corporate reported EBITDAR that exceeded projections by $63.7 million.
The secure outlook displays Moody’s expectation that Aviance’s credit score metrics will proceed to strengthen given latest plane additions and capability additions, with liquidity remaining sturdy over the following 12-18 months, whereas sustaining a conservative strategy to liquidity, value and capability administration.
The publish Moody’s raises Avianca’s score from B3 to B2 attributable to good execution of marketing strategy appeared first on Model TD.