Sydney, February 29, 2016 -- Moody's Investors Service (Moody's) has today upgraded the senior unsecured ratings of Qantas Airways Ltd. to Baa3 from Ba1. As part of the action Moody's has also assigned a senior unsecured issuer rating of Baa3, and has upgraded Qantas' short term ratings to P-3 from NP and program ratings to (P)Baa3/(P)P-3 from (P)Ba1/(P)NP.

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