Fitch Ratings has assigned Philippine Airlines (PAL) a BB issuer rating with a stable outlook, according to a report by BusinessWorld. The rating reflects the flag carrier's position in the Philippine aviation market, its diversified route network, and financial flexibility.
The BB rating indicates that PAL is considered speculative but has a relatively strong capacity to meet financial commitments. The stable outlook suggests that the rating is unlikely to change in the near term, barring any significant shifts in the airline's operating environment or financial profile.
PAL's rating is supported by its leading market share in both domestic and international passenger markets in the Philippines. The airline's diverse network and access to liquidity further bolster its credit profile, though it remains exposed to risks such as fuel price volatility and competition.