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The following is a press release from Fitch Ratings: Fitch Ratings-London-07 October 2026: Fitch Ratings has affirmed British Airways Plc's (BA) Long-Term Issuer Default Rating (IDR) at 'BBB'. The Outlook is Stable. The affirmation reflects BA's solid business profile, resilient performance through the Iran war to date
We could revise the SCP to 'bbb' on EBITDAR leverage below 2.0x and EBITDAR net leverage below 1.0x on a sustained basis and EBITDAR fixed charge coverage above 4.0x BA EETC 2018-1 Class AA Factors that Could, Individually or Collectively, Lead to Negative Rating Action/Downgrade - Ratings for the class AA certificates