LATAM confident of regaining its investment-grade debt rating

Speaking at the company’s annual general meeting, Andres Osorio, Chief Financial Officer of LATAM, has stated that he expects to regain LATAM’s investment-grade status by the end of 2015 or the first half of 2016. He is so confident since he predicts LATAM to end the year with a considerably lower debt-to-earnings EBITDA ratio of 4.2 or 4.3 times, down from 4.9 at the end of 2013 and 7.2 in 2012. Osorio told shareholders that a ratio of 4.2 or 4.3 “would leave us in a range for investment grade”, while its improvement in operating margins would also help. LATAM