easyJet: Moody’s raises credit outlook from ‘stable’ to ‘positive’

(Boursier.com) — Moody’s confirms easyJet’s long-term issuer rating at ‘Baa3’ and raises the outlook to ‘positive’. The latter reflects Moody’s expectations that the group will continue to grow passenger volume towards pre-pandemic levels, with margins improving as still-high volumes and yields offset cost inflation. “The outlook assumes that the group will improve its credit metrics towards ‘upgrade triggers’ over the next 12 to 18 months while preserving very strong liquidity and very low or no net debt,” the agency adds. .