SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 6-K
REPORT OF FOREIGN ISSUER
PURSUANT TO RULE 13a-16 OR 15d-16 OF THE
SECURITIES EXCHANGE ACT OF 1934
For the month of August 2019
(Commission File No. 001-32221)
GOL LINHAS AÉREAS INTELIGENTES S.A.
(Exact name of registrant as specified in its charter)
GOL INTELLIGENT AIRLINES INC.
(Translation of registrant’s name into English)
Praça Comandante Linneu Gomes, Portaria 3, Prédio 24
Jd. Aeroporto
04630-000 São Paulo, São Paulo
Federative Republic of Brazil
(Address of registrant’s principal executive offices)
Indicate by check mark whether the registrant files or will file
annual reports under cover Form 20-F or Form 40-F.
Form 20-F ___X___ Form 40-F ______
Indicate by check mark whether the registrant by furnishing the
information contained in this Form is also thereby furnishing the
information to the Commission pursuant to Rule 12g3-2(b) under
the Securities Exchange Act of 1934.
Yes ______ No ___X___
S&P Upgrades GOL’s Credit Ratings Brazil’s premier airline receives upgraded ratings of A for National and B for Foreign Currency |
São Paulo, August 14, 2019, GOL Linhas Aéreas Inteligentes S.A. (NYSE: GOL and B3: GOLL4): Brazil’s premier domestic airline today announced that Standard & Poor’s (S&P) has upgraded the Company’s credit rating, as well as that of the notes issued by the Company and by its fully-owned subsidiaries. S&P is one of three major corporate credit rating agencies.
· GOL's foreign and local currency Issuer Default Ratings (“IDR”) have been upgraded from B- to B, with a stable outlook.
· GOL’s unsecured notes and GOL’s perpetual bonds were also upgraded from B- to B, with a stable outlook.
· GOL’s national scale rating was upgraded from brBBB to brA, with a stable outlook.
“With S&P’s upgrades to GOL’s National and Foreign Currency ratings, all three major rating agencies have now recognized the improvement in the Company’s credit profile – a result of our continued focus on capacity discipline and balance sheet strengthening,” said Richard Lark, GOL’s Chief Financial Officer. “This is supported by GOL’s operating model, which we believe offers high levels of efficiency and the best transportation service in the market.”
GOL Investor Relations
ri@voegol.com.br
www.voegol.com.br/ir
+55 (11) 2128-4700
GOL Media Relations
Marcia Nunes, Comunicação Externa
mrcmnunes@voegol.com.br
+55 (11) 5098-2979
Becky Nye, Montieth & Co.
bnye@montiethco.com
+1 646 864 3517
About GOL Linhas Aéreas Inteligentes S.A. (“GOL”)
GOL serves more than 33 million passengers annually. With Brazil's largest network, GOL offers customers more than 750 daily flights to 77 destinations in Brazil and in South America, the Caribbean and the United States. GOLLOG’s cargo transportation and logistics business serves more than 3,400 Brazilian municipalities and more than 200 international destinations in 95 countries. SMILES allows over 15 million registered clients to accumulate miles and redeem tickets to more than 700 destinations worldwide on the GOL partner network. Headquartered in São Paulo, GOL has a team of approximately 15,000 highly skilled aviation professionals and operates a fleet of 127 Boeing 737 aircraft, delivering Brazil's top on-time performance and an industry leading 18 year safety record. GOL has invested billions of Reais in facilities, products and services and technology to enhance the customer experience in the air and on the ground. GOL's shares are traded on the NYSE (GOL) and the B3 (GOLL4). For further information, visit www.voegol.com.br/ri.
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GOL Linhas Aéreas Inteligentes S.A. |
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
Date: August 14, 2019
GOL LINHAS AÉREAS INTELIGENTES S.A. | |
By: |
/s/ Richard F. Lark, Jr. |
|
Name: Richard F. Lark, Jr. Title: Investor Relations Officer |
FORWARD-LOOKING STATEMENTS
This press release may contain forward-looking statements. These statements are statements that are not historical facts, and are based on management’s current view and estimates of future economic circumstances, industry conditions, company performance and financial results. The words “anticipates,” “believes,” “estimates,” “expects,” “plans” and similar expressions, as they relate to the company, are intended to identify forward-looking statements. Statements regarding the declaration or payment of dividends, the implementation of principal operating and financing strategies and capital expenditure plans, the direction of future operations and the factors or trends affecting financial condition, liquidity or results of operations are examples of forward-looking statements. Such statements reflect the current views of management and are subject to a number of risks and uncertainties. There is no guarantee that the expected events, trends or results will actually occur. The statements are based on many assumptions and factors, including general economic and market conditions, industry conditions and operating factors. Any changes in such assumptions or factors could cause actual results to differ materially from current expectations.