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Amex GBT Receives Credit Rating Upgrade; Moody’s Upgrades the Company to B1

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American Express Global Business Travel (NYSE: GBTG) has received a credit rating upgrade from Moody's Ratings, elevating from B2 to B1. This marks the second credit rating upgrade for the company in the current year.

Moody's attributed the upgrade to GBTG's strong business momentum and substantial deleveraging. The rating agency also highlighted expectations for continued margin expansion, along with strong balance sheet and cash generation capabilities.

CFO Karen Williams emphasized that this upgrade validates the company's outstanding financial results and successful execution of responsible capital allocation priorities aimed at enhancing shareholder value.

American Express Global Business Travel (NYSE: GBTG) ha ricevuto un upgrade del rating creditizio da Moody's Ratings, passando da B2 a B1. Questo segna il secondo upgrade del rating creditizio per l'azienda nell'anno corrente.

Moody's ha attribuito l'upgrade al forte slancio aziendale e al sostanziale deleveraging di GBTG. L'agenzia di rating ha anche evidenziato le aspettative di un continuo ampliamento dei margini, insieme a una solida situazione patrimoniale e capacità di generazione di cassa.

Il CFO Karen Williams ha sottolineato che questo upgrade convalida i risultati finanziari eccezionali dell'azienda e l'esecuzione riuscita delle priorità di allocazione responsabile del capitale, mirate a migliorare il valore per gli azionisti.

American Express Global Business Travel (NYSE: GBTG) ha recibido una mejora en su calificación crediticia por parte de Moody's Ratings, elevándose de B2 a B1. Esta es la segunda mejora en la calificación crediticia de la empresa en el año actual.

Moody's atribuyó la mejora al fuerte impulso comercial y al considerable desapalancamiento de GBTG. La agencia de calificación también destacó las expectativas de una continua expansión de márgenes, junto con una sólida hoja de balance y capacidades de generación de efectivo.

La CFO Karen Williams enfatizó que esta mejora valida los resultados financieros excepcionales de la empresa y la exitosa ejecución de prioridades de asignación responsable de capital destinadas a mejorar el valor para los accionistas.

아메리칸 익스프레스 글로벌 비즈니스 여행 (NYSE: GBTG)가 무디스 등급에서 B2에서 B1로 신용 등급이 상향 조정되었습니다. 이는 올해 회사의 두 번째 신용 등급 상향 조정입니다.

무디스는 GBTG의 강력한 사업 모멘텀과 상당한 부채 축소를 이 상향 조정의 이유로 꼽았습니다. 또한, 신용 평가 기관은 지속적인 마진 확장에 대한 기대와 함께 강력한 재무 상태 및 현금 생성 능력을 강조했습니다.

CFO 카렌 윌리엄스는 이 상향 조정이 회사의 뛰어난 재무 결과와 주주 가치를 높이기 위한 책임 있는 자본 할당 우선 사항의 성공적인 실행을 검증한다고 강조했습니다.

American Express Global Business Travel (NYSE: GBTG) a reçu une amélioration de sa note de crédit par Moody's Ratings, passant de B2 à B1. C'est la deuxième amélioration de la note de crédit pour l'entreprise cette année.

Moody's a attribué cette amélioration à un fort élan commercial et à un désendettement substantiel de GBTG. L'agence de notation a également souligné les attentes d'une poursuite de l'expansion des marges, ainsi qu'une solide situation financière et des capacités de génération de liquidités.

La CFO Karen Williams a souligné que cette amélioration valide les résultats financiers exceptionnels de l'entreprise et l'exécution réussie des priorités d'allocation de capital responsable visant à améliorer la valeur pour les actionnaires.

American Express Global Business Travel (NYSE: GBTG) hat von Moody's Ratings ein Upgrade der Kreditwürdigkeit erhalten, das von B2 auf B1 angehoben wurde. Dies ist das zweite Upgrade der Kreditwürdigkeit für das Unternehmen im laufenden Jahr.

Moody's führte das Upgrade auf GBTGs starken Geschäftsmomentum und erheblichen Schuldenabbau zurück. Die Ratingagentur hob auch die Erwartungen an eine anhaltende Margenausweitung sowie die starke Bilanz und die Fähigkeit zur Cash-Generierung hervor.

CFO Karen Williams betonte, dass dieses Upgrade die herausragenden finanziellen Ergebnisse des Unternehmens und die erfolgreiche Umsetzung verantwortungsvoller Kapitalallokationsprioritäten zur Steigerung des Shareholder-Value validiert.

Positive
  • Credit rating upgraded to B1 from B2 by Moody's
  • Second credit rating upgrade in the current year
  • Strong business momentum and substantial deleveraging noted by Moody's
  • Expected continued margin expansion
  • Strong balance sheet and cash generation
Negative
  • None.

NEW YORK--(BUSINESS WIRE)-- American Express Global Business Travel, which is operated by Global Business Travel Group, Inc. (NYSE: GBTG) (“Amex GBT” or the “Company”), a leading software and services company for travel, expense, and meetings & events, announced that Moody’s Ratings (“Moody’s”) upgraded its credit ratings to B1 from B2. This is the second credit rating upgrade that Amex GBT has received this year.

Moody’s stated the upgrade “reflects the company’s strong business momentum and substantial deleveraging.” Moody’s also cited the expectations for continued margin expansion, as well as strong balance sheet and cash generation.

Karen Williams, CFO of Amex GBT, stated: “We are pleased to announce another credit rating upgrade. This is further recognition that we are delivering outstanding financial results and executing on our responsible capital allocation priorities to drive shareholder value.”

About American Express Global Business Travel

American Express Global Business Travel is a leading software and services company for travel, expense, and meetings & events. We have built the most valuable marketplace in travel with the most comprehensive and competitive content. A choice of solutions brought to you through a strong combination of technology and people, delivering the best experiences, proven at scale. With travel professionals and business partners in more than 140 countries, our solutions deliver savings, flexibility, and service from a brand you can trust - Amex GBT.

Visit amexglobalbusinesstravel.com for more information about Amex GBT. Follow @amexgbt on X (formerly known as Twitter), LinkedIn and Instagram.

Investors:

Jennifer Thorington

Vice President, Investor Relations

investor@amexgbt.com

Media:

Megan Kat

Senior Director Global Communications and Public Affairs

megan.kat@amexgbt.com

Source: Global Business Travel Group, Inc.

FAQ

What is the new Moody's credit rating for American Express Global Business Travel (GBTG)?

Moody's upgraded GBTG's credit rating to B1 from B2.

How many credit rating upgrades has GBTG received in the current year?

GBTG has received two credit rating upgrades in the current year.

What factors led to Moody's credit rating upgrade for GBTG?

Strong business momentum, substantial deleveraging, expected margin expansion, and strong balance sheet and cash generation.

What does the Moody's upgrade mean for GBTG shareholders?

The upgrade reflects strong financial performance and effective capital allocation, potentially driving increased shareholder value.
Global Business Travel Group, Inc.

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