17-Aug-2010 10:13 AM

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

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]

Want More News Like This?

CAPA Membership gives you access to all news and analysis on the site, along with access to many areas of our comprehensive databases and toolsets.
Find Out More