Amex GBT Receives Credit Rating Upgrade; Moody’s Upgrades the Company to B1

NEW YORK--(BUSINESS WIRE)--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, announced that Moody’s Ratings (“Moody’s”) upgraded its credit ratings to B1 from B2. This is the second credit rating upgrade that Amex GBT has received this year.

Moody’s stated the upgrade “reflects the company’s strong business momentum and substantial deleveraging.” Moody’s also cited the expectations for continued margin expansion, as well as strong balance sheet and cash generation.

Karen Williams, CFO of Amex GBT, stated: “We are pleased to announce another credit rating upgrade. This is further recognition that we are delivering outstanding financial results and executing on our responsible capital allocation priorities to drive shareholder value.”

About American Express Global Business Travel

American Express Global Business Travel 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 X (formerly known as Twitter), LinkedIn and Instagram.