S&P cuts Gol as Lat Am downgrade wave continues

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S&P cuts Gol as Lat Am downgrade wave continues

GOL
An aircraft of the Brazilian airline GOL parks at the terminal of the airport in Natal, Brazil, 7 December 2013. Photo: Marcus Brandt/dpa | Marcus Brandt/DPA/Press Association Images

Brazilian low-cost airline Gol Linhas Aereas Inteligentes became the latest high yield issuer from Latin America to be downgraded on Monday as recession in the region’s largest economy hit passenger demand.

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