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Qantas Airways to divulge Standard and Poor’s credit rating details

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Qantas Airways (ASX: QAN) is in pre-open this morning following the Australian Stock Exchange granting the company a trading halt.

The halt was requested pending receipt of information from Standard and Poor’s in relation to Qantas’ credit rating.

Investors marked Qantas lower yesterday as they didn't like the forecast loss before tax the Group expects to report of $250 million to $300 million for the six months ending 31 December 2013.

The halt will remain in place until the opening of trade on Tuesday 10th December 2013, or earlier if an announcement is made to the market.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX “Small and Mid-cap” stocks with distribution in Australia, UK, North America and Hong Kong / China.

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