SÃO PAULO, Nov. 13, 2017
/PRNewswire/ -- GOL Linhas Aéreas Inteligentes S.A. ("GOL"
or "Company"), (NYSE: GOL and B3: GOLL4), Brazil's #1 airline, announced today that
Fitch Ratings - one of three major corporate credit rating agencies
- upgraded GOL's credit rating, as well as that of notes issued by
us and by our fully-owned subsidiaries. The foreign and local
currency IDRs (Issuer Default Ratings) have been upgraded to B,
with stable outlook (from CCC). GOL's unsecured 2022 and 2023
notes, and GOL's perpetual bonds were upgraded to B with stable
outlook (from CCC-), and are now rated at the same level as the
Company's IDR. The rating of GOL's 2018, 2021 and 2028 secured
notes was upgraded to B+ with stable outlook (from CCC+). GOL's
national scale rating was upgraded to BBB- (bra) with stable
outlook, from CCC (bra). "This ratings upgrade reflects GOL's solid
credit and was made possible by the hard work and dedication of all
our GOL employees. It is a testament to the results of our
successful transformation, which has driven five consecutive
quarters of positive operating margin and significantly
strengthened our balance sheet," said Richard Lark, Executive Vice President and Chief
Financial Officer.
Investor Relations
ri@voegol.com.br
www.voegol.com.br/ir
+55(11) 2128-4700
About GOL Linhas Aéreas 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 63 destinations, 52 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 2,200 Brazilian municipalities
and, through partners, 205 international destinations in 95
countries. SMILES is one of the largest coalition
loyalty programs in Latin America,
with over 12 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 Aéreas Inteligentes S.A.