Creditreform Rating AG has temporarily withdraw the corporate issuer rating of Ryanair Holdings plc and set the ratings to N.R. (Not Rated). The main reasons for this decision are the changing information base regarding the COVID-19 pandemic and the high degree of uncertainty regarding the duration of the crisis and the resulting substantial economic consequences for the aviation industry. As soon as the economic effects of the COVID-19 pandemic for the rating object can be assessed on a more reliable basis, the rating will be resumed.
Creditreform Rating has carried out an unsolicited corporate issuer rating of Ryanair Holdings plc. The rating has been set to BBB+ with stable outlook.