New York, April 29, 2016 -- Moody's Investors Service, (Moody's) has today downgraded the corporate family rating (CFR) of LATAM Airlines Group S.A (LATAM) to B1 from Ba2. At the same time, Moody's downgraded to B2 from Ba3 the foreign currency rating assigned to its USD500 million senior unsecured notes due in 2020. Moody's also downgraded LATAM Pass Through Trust 2015-1A to Baa1 from A2 and the 2015-1B tranche to and Ba1 from Baa2 . The rating outlook for all ratings is stable.
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