14 February 2017

Standard & Poor's upgraded rating to BB

Standard & Poor's (S&P) has upgraded TUI’s rating to BB. S&P has justified its rating upgrade by referring to the significant increase in our Group’s profitability in a challenging market environment. Their more positive rating also acknowledges TUI’s clearly diversified business model and the enhanced cash flow predictability.

In our view, the financial stability and flexibility of our Group is a key prerequisite for TUI Group’s further development.

Further information on ratings are available in the IR section.