28-May-2010 10:48 AM

Fitch upgrades GOL's IDR to 'BB-'; outlook stable

Fitch Ratings upgraded (27-May-2010) Gol Linhas Aereas Inteligentes SA's ratings as follows: 

  • Foreign and Local Currency long-term Issuer Default Ratings (IDRs) to 'BB-' from 'B+';
  • Long-term National Rating to 'A-(bra)' from 'BBB(bra)'.

Fitch also has upgraded the ratings of GOL's perpetual notes (USD200 million) and senior notes (USD200 million) to 'BB-' from 'B+/RR4'. The Rating Outlook is "stable". [more]