|
|
 |
|
Viewing report
|
|
|
|
Bulletin: U.S. Dept. of Justice Clears Southwest Airlines Co.?AirTran Holdings Inc. Merger; Ratings On Both Remain On CreditWatch
Standard & Poors, April 2011
Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
Research type: News
This product is a is a brief one-page announcement of no more than 500 words with a quote from the analyst. It is media and investor focused with no accompanying commentary article.
Abstract
NEW YORK (Standard & Poor's) April 27, 2011--The U.S. Department of Justice (DOJ) on April 26, 2010, informed Southwest Airlines Co. (Southwest; BBB/Watch Neg) and AirTran Holdings Inc. (AirTran), parent of AirTran Airways Inc. (both, B-/Watch Pos), that it had closed its antitrust review of their proposed merger (indicating that it will not seek to block the transaction), removing what Standard & Poor's Ratings Services views as the most significant potential obstacle to the transaction. Our ratings on Southwest remain on CreditWatch with negative implications; our ratings on AirTran remain on CreditWatch with positive implications. The merger agreement has been approved by shareholders of both airlines, and Southwest expects to close the transaction on May 2, 2011. Southwest's ratings remain...
Companies mentioned in this report are: Southwest Airlines Co.,AirTran Holdings Inc.
Action: Bulletin
|
|
|
|
