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Ratings On Delta Air Lines Inc.'s 2001-1 Pass-Through Certificates Originally Issued By Northwest Airlines Inc. Upgraded May 11 Product Image

Ratings On Delta Air Lines Inc.'s 2001-1 Pass-Through Certificates Originally Issued By Northwest Airlines Inc. Upgraded May 11

  • ID: 1784496
  • May 2011
  • Standard & Poors

Abstract
NEW YORK (Standard & Poor's) May 10, 2011--Standard & Poor's Ratings Services said today that it has raised its rating on Atlanta-based Delta Air Lines Inc.' s 2001-1 class A1 pass-through certificates to 'A- (sf)' from 'BBB- (sf)', and raised its rating on the class B certificates to 'BB+ (sf)' from 'B+ (sf)'. These certificates were originally issued by Northwest Airlines Inc., which has since merged into Delta. We based our upgrade on the pass-through certificates on the materially improved asset protection following the repayment of the 2001-1 class A2 certificates, which were secured by the same collateral, on April 1, 2011. The 2001-1 pass-through certificates were originally issued by Northwest, which was acquired in 2007 by--and since merged into--Delta....

Companies mentioned in this report are: Delta Air Lines Inc.,Northwest Airlines Inc.,Northwest Airlines Corp.
Action: Upgraded

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.

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Delta Air Lines Inc.,Northwest Airlines Inc.,Northwest Airlines Corp.

Note: Product cover images may vary from those shown
Note: Product cover images may vary from those shown

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