Ratings published by independent rating agencies are a key prerequisite for efficient and flexible access to the capital market. They assist debt capital market investors in evaluating the risk situation of companies and their financial instruments.
|Corporate Rating||Standard & Poor's||Moody's|
Latest Update Moody's
April 2016 – Moody’s upgrades TUI AG’s corporate family rating to Ba2 from Ba3; stable outlook
TUI’s rating upgrade reflects the company’s strong operating performance in fiscal year 2014/15 and Q1 of the current fiscal year, as well as ongoing improvements in TUI’s financial profile. The upgrade also considers the progress made in the merger with TUI Travel and its continued resilience to geopolitical events.
Latest Update Standard & Poor's
February 2017 – Standard & Poor's upgraded its long-term corporate credit rating on TUI from BB- to BB; Outlook “stable”.
S&P’s rating upgrade appreciates TUI's enhanced business risk profile, reflecting TUI’s resilience against negative external events, its strengthened product and geographic diversification in the recent years, and its steadily improving operating margins.