PAL Secures 'BB' Rating from Fitch, Marking Milestone Post-Restructuring
Philippine Airlines (PAL) has achieved its first "BB" long-term issuer default rating (IDR) with a stable outlook from Fitch Ratings. The airline's leading market position, with approximately 30% of the domestic passenger market and 23% of international traffic, was cited as a key factor following its successful restructuring.
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