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European rating agency. Objective, transparent, independent.

Ryanair Holdings plc

Rating History

Rating Watch Outlook Decision Date Action Validity Date Maximum Validity
BBB- Watch UNW 04.03.2022 08.03.2022
BBB- Outlook POS 09.02.2022 15.02.2022
n.r. 25.03.2020 27.03.2020 27.03.2020
BBB+ Outlook STA 21.09.2018 28.09.2018

News

  • 08.03.2022
    Creditreform Rating has placed the BBB- unsolicited corporate issuer rating of Ryanair Holdings plc as well as the BBB- unsolicited corporate issuer rating of Ryanair DAC on watch UNW. The outlook is not applicable. Creditreform Rating has also placed the BBB- unsolicited corporate issue rating of the long-term local currency senior unsecured notes issued by Ryanair DAC on watch UNW. These issues are included in the list of ECB-eligible marketable assets, which can be found on the ECB's website. For more details regarding the ratings, please refer to our press release below.
  • 15.02.2022
    Creditreform Rating has assigned the unsolicited corporate issuer rating of Ryanair Holdings plc at BBB- with a positive outlook. The rating result reflects Ryanair's leading position in the low-cost airline sector in Europe, as well as its track record of fast-paced expansion over the last decades, all attributable to an efficient and optimized business model. Despite the challenges faced during the Covid-19 pandemic, Ryanair managed to sustain an adequate capital structure and liquidity profile. On the other hand, the Company's fleet expansion amidst still ongoing market volatility could exert negative pressure on Ryanair's financial strengths in the coming years. Albeit improving, earnings results are still negative and it will still take some time to recover to pre-pandemic levels.
  • 27.03.2020
    Creditreform Rating AG has temporarily withdraw the corporate issuer rating of Ryanair Holdings plc and set the ratings to N.R. (Not Rated). The main reasons for this decision are the changing information base regarding the COVID-19 pandemic and the high degree of uncertainty regarding the duration of the crisis and the resulting substantial economic consequences for the aviation industry. As soon as the economic effects of the COVID-19 pandemic for the rating object can be assessed on a more reliable basis, the rating will be resumed.
  • 28.09.2018
    Creditreform Rating has carried out an unsolicited corporate issuer rating of Ryanair Holdings plc. The rating has been set to BBB+ with stable outlook.