04-Aug-2009 1:15 PM
Lufthansa flat on junk warning, Austrian, Air France-KLM and British Airways higher
Analysis
Shares in Lufthansa gained just 0.2%, as the carrier's debt rating was placed under review. Its debt rating is subject to possible downgrade by Moody's Investors Service, as the carrier sees "no sign of recovery" and its proposed takeover of Austrian Airlines meets with investor caution. Lufthansa's current 'Baa3' rating is the lowest investment grade at Moody's, one notch above a junk rating.
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