American Credit Rating Company Downgrades IAG Owners of BA and Iberia

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Moodys ratings can make or break a company Credit: Twitter

AIRLINE shares had been doing well on international stock exchanges over the past few weeks as bullish investors saw an opportunity to buy cheap and bank on airline recovery.

For the IAG group this has come to an end as American credit rating agency Moodys has dropped its rating of the owner of Aer Lingus, BA, Iberia and Vueling from Baa3 to Ba1 which saw an immediate drop in share price.

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In basic terms this means that Moodys foresee the possibility of future financial difficulty and a lengthy recovery period.




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