Amex GBT Receives Credit Rating Upgrade; S&P Global Ratings Upgrades the Company to BB-

Business Wire 28-Feb-2025 8:58 AM

American Express Global Business Travel, which is operated by Global Business Travel Group, Inc. (NYSE:GBTG) ("Amex GBT" or the "Company"), a leading software and services company for travel, expense, and meetings & events, today announced that it has received an upgrade from S&P Global Ratings ("S&P") to its issuer credit rating to ‘BB-' from ‘B+" with a stable outlook.

The upgrade reflects S&P's view that "the company's operating performance will remain strong in 2025."

Karen Williams, CFO of Amex GBT, stated: "We are pleased with the credit rating upgrade and view it as recognition of our strong results including revenue growth, significant margin expansion, free cash flow acceleration and a balanced approach to capital allocation."

About American Express Global Business Travel

American Express Global Business Travel (Amex GBT) is a leading software and services company for travel, expense, and meetings & events. We have built the most valuable marketplace in travel with the most comprehensive and competitive content. A choice of solutions brought to you through a strong combination of technology and people, delivering the best experiences, proven at scale. With travel professionals and business partners in more than 140 countries, our solutions deliver savings, flexibility, and service from a brand you can trust – Amex GBT.

Visit amexglobalbusinesstravel.com for more information about Amex GBT. Follow @amexgbt on Twitter, LinkedIn and Instagram.

View source version on businesswire.com: https://www.businesswire.com/news/home/20250228615938/en/

Media: Megan Kat Senior Director Global Communications megan.kat@amexgbt.com

Investors: George Anderson-Brown Vice President of Finance investor@amexgbt.com