Gol LM helps stable outlook with S&P

Gol LM helps stable outlook with S&P

Bonds Corporate & Sovereign Strategy

Standard and Poor’s has revised the outlook of Brazilian airline Gol to stable, noting its efforts to improve operating results, reduce costs and refinance its debt. The outlook change came a day after Gol mandated Bradesco, Citi, Morgan Stanley and Santander for a further a liability management exercise on cross-border bonds. The agency rates Gol B on a global scale and BBB- on a local basis. The Brazilian low-cost airline is offering to buy back its 2023 bond at a 107.375 cash price, its 2020

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