U.S. Markets closed

Gol Linhas Aereas Inteligentes S.A. -- Moody's upgrades Gol to B1 and assigns B2 rating to its senior exchangeable notes; stable outlook

Moody's Investors Service ("Moody's") today upgraded the ratings of Gol Linhas Aereas Inteligentes S.A ("Gol"), including the corporate family rating ("CFR") to B1 from B2 and the rating of Gol Finance's perpetual notes guaranteed by Gol and Gol Linhas Aereas S.A. to B2 from B3. At the same time Moody's assigned a B2 rating to the proposed up to $350 million senior exchangeable notes due 2024 to be issued by Gol Equity Finance and guaranteed by Gol and Gol Linhas Aereas S.A. Moody's also affirmed at Baa3 the foreign currency rating assigned to Gol LuxCo S.A.'s ("Gol LuxCo") term loan guaranteed by Delta Air Lines, Inc. ("Delta").