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Moody’s changes SATA outlook to stable
Moody’s Investors Service said it changed its outlook for SATA Holding SA to stable from negative and affirmed its Ba1 backed senior unsecured rating. SATA is the holding company for SATA Air Acores SA.
The Ba1 rating is based on the guarantee from the Azores, which is rated Ba1, and Moody’s revised the outlook for the Azores to stable from negative on Nov. 22, the agency said. The stable outlook reflects the outlook on the guarantor.
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