News
Philippine Airlines welcomes first-time corporate rating from Moody's Ratings
March 31st 2026
Philippine Airlines (PAL) has been given a credit rating by Moody's Ratings for the first time in recognition of its improved financial position following a corporate restructuring. Read More » The company said it was the first airline from the Association of Southeast Asian Nations (ASEAN) region to secure a public international credit rating from one of the world's three major credit ratings agencies - Fitch Ratings, Moody's and S&P Global Ratings. Moody's has assigned PAL a corporate family rating of Ba2 with a stable outlook. "This inaugural Ba2 rating is a powerful validation of progress we have made over the past five years - enhancing operational reliability, rebuilding our network with discipline, and improving our cost and capital structure," PAL president, Richard Nuttall, said. "Importantly, having this rating will strategically broaden our access to diverse funding sources and provide our stakeholders with independent assurance of PAL's financial resilience in a complex global aviation landscape."
