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Moody's Investors Service downgraded the debt rating of Jal and Ana

Tokio, Japan - Both of Japan's major air carriers to Ba3 from Ba1

Moody's Investors Service on Wednesday downgraded the debt rating of Japan Airlines (Jal) and All Nippon Airways (Ana) due to the impact of the Iraq war and Severe Acute Respiratory Syndrome (Sars).The ratings agency cut the senior unsecured debt rating of both of Japan's major air carriers to Ba3 from Ba1, it said in a statement. "The downgrades reflect Moody's expectation of weaker cash flow generation...

fra/pec - 49123

AVIONEWS - World Aeronautical Press Agency
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