Photographer: Ian Waldie/Bloomberg

Qantas Regains Investment Grade as Balance Sheet Improves

  • Turnaround plan produced best results in 7 years in August
  • Agency had cut Australian national carrier to junk in 2013

Qantas Airways Ltd. regained its investment-grade credit rating for the first time in two years, following a profit turnaround buoyed by lower fuel prices and job cuts.

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