Delta Air Lines Inc's Various Sr. Unsecured Notes Rated 'BBB-' Dec 99

Standard & Poors, December 1999

Abstract
NEW YORK (Standard & Poor's CreditWire) Dec. 10, 1999--Standard & Poor's today assigned its triple-'B'-minus rating to Delta Air Lines Inc.'s $500 million 7.7% notes due 2005, $500 million 7.9% notes due 2009, and $1 billion 8.3% notes due 2029, all offered under Rule 144a, with registration rights. Proceeds will be used mostly to refinance bank debt incurred in the pending $1.8 billion acquisition of regional partner COMAIR Holdings Inc. At the same time, Standard & Poor's affirmed its outstanding ratings on the company (see list below). The corporate credit rating on Delta Air Lines Inc., the third-largest airline in the U.S., is supported by a solid market position in the U.S. domestic and transatlantic markets, and strong recent financial...

Companies mentioned in this report are:
- Delta Air Lines Inc.
- American Airlines Inc.
- United Air Lines Inc.

Action: New Rating

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.

- Delta Air Lines Inc.
- American Airlines Inc.
- United Air Lines Inc.

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