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
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.
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