SAS Denmark-Norway-Sweden Credit Rating

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Date	Document Type	Title	Source
24 May 2019	Announcement of Periodic Review	Moody's announces completion of a periodic review of ratings of SAS AB	Moody's Investors Service
26 Nov 2018	Rating Action	Moody's affirms SAS' B1 rating; stable outlook	Moody's Investors Service
13 Nov 2017	Rating Action	Moody's upgrades SAS AB's rating to B1; stable outlook	Moody's Investors Service
07 Nov 2016	LGD Assessment	SAS AB	Moody's Investors Service
04 Jul 2016	Rating Action	Moody's upgrades SAS AB's rating to B2; stable outlook	Moody's Investors Service
29 Dec 2014	Rating Action	Moody's changes outlook on SAS AB's B3 rating to stable; affirms ratings	Moody's Investors Service
05 Mar 2014	Rating Action	Moody's upgrades SAS AB to B3 from Caa1; positive outlook	Moody's Investors Service
13 Sep 2013	Rating Action	Moody's changes outlook on SAS AB's Caa1 ratings to positive; affirms ratings	Moody's Investors Service
29 Dec 2011	Announcement	Moody's Disclosures on Credit Ratings of SAS AB	Moody's Investors Service
16 Feb 2011	Market Comment	Airline Sector Update: Stable Credit Market Signals Despite Energy, Weather Headwinds (Capital Markets Research)	Moody's Analytics
12 May 2010	Rating Action	Moody's confirms SAS's Corporate Family Rating at Caa1; stable outlook	Moody's Investors Service
20 Apr 2010	Announcement	Moody's says ratings of European airlines unaffected by volcano impact at this time, but may be reassessed if impact is protracted	Moody's Investors Service
11 Feb 2010	Rating Action	Moody's places all SAS ratings under review for possible downgrade	Moody's Investors Service
12 Nov 2009	Rating Action	Moody's lowers SAS Corporate Family Rating to Caa1; outlook negative	Moody's Investors Service
17 Aug 2009	Rating Action	Moody's lowers SAS's corporate family rating to B3; outlook remains negative	Moody's Investors Service
09 Feb 2009	Announcement	Moody's affirms SAS's corporate family rating at B2 following recent strategic initiatives; outlook remains negative	Moody's Investors Service
07 Nov 2008	Rating Action	Moody's downgrades SAS' CFR to B2; outlook negative	Moody's Investors Service
24 Jun 2008	Rating Action	Moody's changes British Airways outlook to negative reflecting potential impact of higher fuel prices. The ratings and outlooks of SAS and Lufthansa remain unchanged.	Moody's Investors Service
29 Mar 2007	Rating Action	Moody's implements loss given default methodology in EMEA	Moody's Investors Service
26 Mar 2007	LGD Assessment	SAS Denmark-Norway-Sweden	Moody's Investors Service
11 Dec 2006	Announcement	Moody's affirms SAS's ratings; outlook stable	Moody's Investors Service
27 Nov 2006	Analysis	SAS Denmark-Norway-Sweden	Moody's Investors Service
26 Oct 2006	Rating Action	Moody's changes outlook on SAS ratings to stable	Moody's Investors Service
16 Aug 2005	Rating Action	MOODY'S WITHDRAWS ISSUER RATINGS FOR SPECULATIVE-GRADE CORPORATE ENTITIES IN THE EMEA REGION; DEBT AND CORPORATE FAMILY RATINGS ARE UNAFFECTED; NO CHANGES TO INVESTMENT-GRADE ISSUER RATINGS	Moody's Investors Service
23 Jun 2005	Rating Action	MOODY'S ANNOUNCES RATING IMPACT OF 'GRI' METHODOLOGY FOR CORPORATE ISSUERS IN EMEA REGION	Moody's Investors Service
25 May 2005	Rating Action	MOODY'S DOWNGRADES SAS'S SENIOR IMPLIED RATING TO B2, SENIOR UNSECURED RATINGS TO B3 AND SUBORDINATED DEBT RATING TO Caa1; OUTLOOK NEGATIVE	Moody's Investors Service
25 Jan 2005	Rating Action	MOODY'S PLACES SAS'S RATINGS ON REVIEW FOR POSSIBLE DOWNGRADE	Moody's Investors Service
12 Aug 2004	Rating Action	MOODY'S CHANGES OUTLOOK ON SAS'S RATINGS TO NEGATIVE FROM STABLE (B1 SENIOR IMPLIED DEBT; B2 ISSUER RATING)	Moody's Investors Service
27 May 2004	Rating Action	MOODY'S DOWNGRADES TO B1 SAS'S SENIOR IMPLIED DEBT RATINGS, TO B2 ITS SENIOR UNSECURED AND TO B3 ITS SUBORDINATED DEBT; STABLE OUTLOOK	Moody's Investors Service
11 Feb 2004	Rating Action	MOODY'S PLACES SAS RATINGS ON REVIEW FOR POSSIBLE DOWNGRADE	Moody's Investors Service
21 Jan 2004	Rating Action	MOODY'S CHANGES OUTLOOK FOR SAS LONG TERM RATINGS TO NEGATIVE, CITING INCREASED COMPETITIVE PRESSURE	Moody's Investors Service
24 Jun 2003	Analysis	Scandinavian Airlines System	Moody's Investors Service
23 Jun 2003	Rating Action	MOODY'S DOWNGRADES SAS' SENIOR IMPLIED RATING TO Ba3 AND SENIOR UNSECURED DEBT RATINGS TO B1; RATING OUTLOOK STABLE	Moody's Investors Service
07 Jun 2003	Financial Statement Ratios	Scandinavian Airlines System	Moody's Investors Service
11 Apr 2003	Rating Action	MOODY'S DOWNGRADES SAS' SENIOR UNSECURED DEBT RATINGS TO Ba2 AND ASSIGNS NEW Ba1 SENIOR IMPLIED RATING FOR THE COMPANY'S CREDIT QUALITY; ALL RATINGS REMAIN ON REVIEW FOR POSSIBLE FURTHER DOWNGRADE	Moody's Investors Service
27 Feb 2003	Rating Action	MOODY'S PLACES SAS' Baa3/Prime-3 LONG AND SHORT TERM RATINGS ON REVIEW FOR POSSIBLE DOWNGRADE	Moody's Investors Service
25 Oct 2002	Rating Action	MOODY'S CHANGES OUTLOOK FOR SAS' Baa3 LONG TERM RATING TO NEGATIVE CITING DIFFICULT MARKET CONDITIONS.	Moody's Investors Service
10 Jan 2002	Rating Action	MOODY'S DOWNGRADES TO Baa3 FROM A3 THE SENIOR UNSECURED DEBT RATINGS OF SAS; TO PRIME-3 FROM PRIME-2 THE SHORT TERM RATING; CHANGES OUTLOOK TO STABLE	Moody's Investors Service
12 Oct 2001	Rating Action	MOODY'S REVIEWS RATINGS OF SAS (SENIOR AT A3) FOR POSSIBLE DOWNGRADE; LOWERS SHORT TERM RATING TO PRIME-2 FROM PRIME-1	Moody's Investors Service
17 Sep 2001	Rating Action	MOODY'S CONFIRMS RATINGS OF SAS (SENIOR AT A3); CHANGES OUTLOOK TO NEGATIVE	Moody's Investors Service

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