23-Feb-2009 11:31 AM
Qantas hits new low on downgrade - share wrap
Analysis
Qantas shares fell to a new low on 20-Feb-09 after Moody's Investor Service cut its long-term unsecured credit rating on the airline from 'Baa1' to 'Baa2', citing a deterioration in the airline's credit profile. The rating outlook is 'stable'. Qantas shares opened lower today, trading at AUD1.62 at 11.40am.
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