Moody's places WestJet's ratings under review for downgrade
Rating Action: Moody's places WestJet's ratings under review for downgrade. Global Credit Research- 14 May 2019. Toronto, May 14, 2019-- Moody's Investors Service has placed WestJet Airlines Ltd.' s Ba1 Corporate Family Rating, Ba1-PD Probability of Default Rating and its Ba2 Senior Unsecured rating on review for possible downgrade.WestJet Airlines is a Canadian airline. Co. provides scheduled and charter commercial air travel, vacation packages and cargo services across North America, Central America, the Caribbean and Europe. Co.'s commercial air travel business also supports a variety of other product and service offerings including: flight change and cancel options; upgrading to its Plus seating; baggage fees; food, beverage and inflight entertainment options; and its WestJet RBC MasterCard. Co.'s vacation package provides a variety of products and services purchased through packages such as: flights, hotel accommodations, car rentals and tour attractions.
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