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Qantas Shares Slide

The Qantas share price has slipped to a record low of $1.61 after its credit rating was downgraded from BAA to BAA2 by Moodys Investor Services on Friday.

Qantas Airways CEO Alan Joyce said the carrier remains one of the few airlines with an investment grade rating, adding that the carrier has 'taken a number of measures to mitigate commercial pressures, including capacity reductions, reallocation of routes between brands and the recent equity raising of $500 million.'

 
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