Big Picture Persective
These so called ratings agencies have so little credibility as to be irrelevant.
Qantas is one of the more profitable airlines.
The market in general is falling and is very risk averse.
Airlines are capital intensive and are usually the first stocks to get hammered when the market is spooked.
All companies are being caught in the downdraft so why should QF be any different?
Dont forget QF is still profitable and is travelling a lot better than JAL or BA and certainly a lot better than all the American Carriers.
So a little perspective folks.
Dont be members of the same sheep herd