Avianca Holdings S.A. (DIP) — Moody’s assigns Ba3 rating to Avianca Holdings’ $1.2 billion Tranche A super-priority DIP term loan facility and B3 to the $723 million subordinated Tranche B

Rating Action: Moody’s assigns Ba3 rating to Avianca Holdings’ $1.2 billion Tranche A super-priority DIP term loan facility and B3 to the $723 million subordinated Tranche BGlobal Credit Research – 26 Feb 2021New York, February 26, 2021 — Moody’s Investors Service (“Moody’s”) assigned a Ba3 rating on the $1.2 billion Senior Secured Super-priority Debtor-in-Possession (DIP) Term Loan A1 and A2 and B3 rating to the $723 million Senior Secured Super Priority Term Loan B, (the DIP facilities) issued by Avianca Holdings S.A. (DIP) (Avianca or the obligor).With the proceeds from the DIP Financing, Avianca expects to weather the COVID 19 crisis with the necessary liquidity and flexibility to execute its restructuring plan through the Chapter 11 process. Avianca filed for Chapter 11 in May 2020.The following ratings were assigned:Issuer: Avianca Holdings S.A. (DIP)…$1.0 billion Senior…