Posted on
31st May 2023
Pegasus Airlines’ successful financial performance in 2022 has resulted in an upgrade in its credit rating.
Pegasus Airlines’ long-term credit rating was upgraded from B+ to BB- by Fitch Ratings Limited (Fitch) on 14 April 2023 and from B to B+ by S&P Global Ratings (S&P) on 23 May 2023.
Fitch and S&P announced their credit ratings with “Negative Outlook”, mirroring that on the current macroeconomic conditions.
