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Qantas Risks Credit Rating Cut as Virgin Fight Drains Cash

2013-12-06 03:59:38| Airlines - Topix.net

Qantas Airways Ltd., one of just two airlines globally to be judged investment-grade by more than one ratings company, risks losing that status as losses mount amid a market share battle with Virgin Australia Holdings Ltd. Moody's Investors Service yesterday said it may reduce its Baa3 rating on Qantas after Australia's largest carrier forecast a ... (more)

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