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

Corporate Rating Standard & Poor's Moody's 
Long-term B- B3
Outlook stable

stable

Latest Update Moody's

October 2021 – Moody’s upgrates TUI's rating to B3. The Outlook remains stable.

The stable rating outlook reflects TUI's improved liquidity profile supported by asset disposals, equity capital increases and the RCF maturity extensions. The rating outlook is also based on the assumption of improving market environment for leisure travel on the back of easing travel restrictions.

Latest Update Standard & Poor's

October 2021 – Standard & Poor's upgraded TUI’s rating to 'B-' from 'CCC+' with the outlook remaining stable.

S&P upgraded TUI’s rating as its EUR 1.1bn capital increase further enhances TUI’s liquidity situation and will reduce TUI’s leverage. Furthermore, the rating action acknowledges the recovery of the tourism and travel business.