Lufthansa earns top ratings from all major agencies

Wednesday, January 24, 2024

Lufthansa Group rebounds post-Corona, achieving investment grade status by all key rating agencies, a testament to its strong recovery.

Following the triumph over the challenges presented by the Corona crisis, the Lufthansa Group has regained its status as an investment grade entity, as recognized by all major rating agencies.

Recently, Moody’s upgraded Lufthansa Group from Ba1 to Baa3, reinstating its investment grade status. This enhancement aligns with previous affirmations of investment grade from Standard and Poor’s and a debut investment grade rating from Fitch. With these accolades, Lufthansa Group stands as the sole European airline to achieve investment grade ratings from all prominent rating institutions.

The onset of the Corona pandemic in 2020 led to a temporary loss of investment grade ratings for Lufthansa Group from Moody’s and Standard & Poor’s. However, Scope Ratings, a European agency, maintained its investment grade rating for the Group during this period. The recent elevation to investment grade status across all agencies is a testament to the notable recovery in operational profitability and the fortified condition of the Group’s financial position.

Remco Steenbergen, Chief Financial Officer of Deutsche Lufthansa AG, said: “Our investment grade ratings are impressive proof of how well we have managed in three years to increase our profitability, to deleverage our balance sheet and strengthen our equity position. We will continue our course of generating high returns and cash flows to invest in profitable growth and create shareholder value.”

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