S&P downgrades Gol to CCC-

S&P downgrades Gol to CCC-

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S&P Global Ratings has downgraded Brazil's Gol Linhas Aéreas Inteligentes to CCC- on concerns that the airline will not tie up long-term financing in the next few weeks. S&P also lowered Gol's ratings on the local scale to brCCC- and put a negative outlook on all of the airline's ratings, it said in a report on August 6. Gol has a $300 million loan payment due on August 31, but it will likely use cash on hand to cover a ramp-up in operations over the next few months, which raises the ris

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