S&P upgrades GOL’s credit ratings

GOL airlines has said that Standard & Poor’s (S&P) has upgraded the company’s credit rating, as well as that of the notes issued by the Company and by its fully-owned subsidiaries. GOL’s foreign and local currency Issuer Default Ratings (“IDR”) have been upgraded from B- to B, with a stable outlook.  GOL’s unsecured notes and GOL’s perpetual bonds were also upgraded from B- to B, with a stable outlook.  GOL’s national scale rating was upgraded from brBBB to brA, with a stable outlook.  “With S&P’s upgrades to GOL’s National and Foreign Currency ratings, all three major rating agencies have now recognized