MADRID, 15 Mar. (EUROPA PRESS) –
The shares of the aeronautical holding IAG soared early this Friday by more than 4% on the selective Ibex 35 (4.27% at 9:20 a.m.) after Moody’s placed the ratings ‘Ba1’ and ‘Ba2’ of IAG in ‘review for improvement’.
The credit rating agency believes that the airline group could resume dividend payments from 2025 in a business environment that remains very favorable to it.
Moody’s Ratings on Wednesday placed all of IAG’s ratings on ‘review for upgrade’, including the company’s ‘Ba1’ corporate family rating, its ‘Ba1-PD’ probability of default rating and the ‘Ba2’ ratings of three tranches. of senior unsecured notes.
Previously, the rating outlook for IAG, a group of which British Airways, Iberia, Vueling, Aer Lingus and Level are part, was ‘stable’.
According to Moody’s, the business environment for IAG remains favorable and, despite continued capacity additions, both booking volumes and booked yields are ahead of 2023.
The American ratings agency highlighted the group’s “solid operating performance since the pandemic” and its financial policy focused on reducing debt, which is why it predicted a return to the dividend starting in 2025.
The holding’s shares, which closed on Thursday at 1.74 euros per share, reached highs of 1.82 euros per share in the first minutes of trading on this last day of the week.