Moody’s Assigns B3 Ratings to Gol in Post-Bankruptcy Exit

Gol‘s corporate family rating was published by Moody’s at B3.

• Outlook stable

COMMENTARY AND CONTEXT

• Rating “reflects the company’s leadership position in the Brazilian market, supported by its strong brand name and low cost structure based on a modern and efficient operating fleet of Boeing 737 aircraft, along with an experienced management team”
• “Gol’s ability to reduce total debt and costs during the Chapter 11 process and its high cash balance upon bankruptcy exit are also incorporated in the B3 rating”

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