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Qantas in trading halt pending ratings downgrade?

written by australianaviation.com.au | December 6, 2013

Qantas tails.Qantas has asked the Australian Securities Exchange (ASX) to place its shares in an immediate trading halt.

“The trading halt is requested pending receipt of information from Standard and Poor’s in relation to Qantas’s credit rating, which is likely to be materially price sensitive,” company secretary Taryn Morton wrote to the ASX.

“Qantas requests that the trading halt remain in place until the earlier of the time of the announcement and the commencement of trading on Monday, 9 December 2013.”

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