SAS Denmark-Norway-Sweden -- Moody's downgrades SAS AB's CFR to Caa3, outlook negative
Published on: Monday 28 February 2022
Rating Action: Moody's downgrades SAS AB's CFR to Caa3, outlook negativeGlobal Credit Research - 28 Feb 2022Frankfurt am Main, February 28, 2022 -- Moody's Investors Service, ("Moody's") has today downgraded the corporate family rating of SAS AB to Caa3 from Caa1 and the probability of default rating to Ca-PD from Caa1-PD. Concurrently the agency has downgraded SAS Denmark-Norway-Sweden backed senior unsecured MTN program rating to (P)Caa2 from (P)B3 and the backed subordinate rating to Ca from Caa2. Also Moody's has affirmed SAS Denmark-Norway-Sweden's commercial paper program at NP and its backed other short term (P)NP ratings.
