London, 25 April 2016 -- Moody's Investors Service, (Moody's) has today upgraded the world's leading tourism company TUI AG's (TUI) corporate family rating to Ba2 from Ba3 and its probability of default rating to Ba2-PD from Ba3-PD. Concurrently, Moody's has upgraded TUI AG's senior unsecured rating to Ba2 from Ba3. The outlook on the ratings was changed to stable from positive.

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