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Fitch places LAN on rating watch negative and TAM on rating watch positive

17-Aug-2010 10:13 AM

Fitch Ratings placed (16-Aug-2010) LAN Airlines' 'BBB' Issuer Default Ratings (IDR) on Rating Watch 'Negative'. In conjunction with this rating action, Fitch has placed TAM's following ratings on Rating Watch 'Positive':

  • Local currency IDR at 'B+';
  • Foreign currency IDR at 'B+';
  • Long-term national scale rating at 'BBB+(bra)'.
  • USD300 million senior unsecured note due to 2020 at 'B+/RR4';
  • USD300 million senior unsecured note due 2017 at 'B+/RR4';
  • BRL500 million debentures issuance due 2012 at 'BBB+(bra)'. [more]