TUI receives BB rating from Fitch with stable outlook

The rating agency Fitch has published a rating for TUI Group for the first time. Fitch rates TUI's creditworthiness at BB with a stable outlook, which represents a return to pre-pandemic levels. International recognition, strategy and operational performance as well as financial stability are highlighted.

The rating reflects TUI's leading market position and strong brand recognition in the European and international tourism industry. The rating agency also emphasises TUI's conservative debt coverage ratio.

In addition, Fitch recognizes that TUI operates across the whole tourism value chain and profits from the integration of its business segments. Furthermore the agency highlights the differentiation and diversification benefits from the vertical integration of hotels, cruises, airlines and activities.

TUI's Annual General Meeting will take place on 11 February 2025, where the figures for the first financial quarter of 2025 will also be presented.