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Ratings on Two Delta Air Lines Inc.-Related Synthetic Transactions Put on CreditWatch Mar 03
Standard & Poors, March 2003
NEW YORK (Standard & Poor's) March 20, 2003--Standard & Poor's Ratings Services today placed its 'BB-' ratings on the class A-1 certificates issued by Corporate Backed Trust Certificates Series 2001-6 Trust and Corporate Backed Trust Certificates Series 2001-19 Trust on CreditWatch with negative implications (see list). Corporate Backed Trust Certificates Series 2001-6 Trust and Corporate Backed Certificates Series 2001-19 Trust are swap-independent synthetic transactions that are weak-linked to the underlying securities, Delta Air Lines Inc.'s 8.3% senior unsecured notes due Dec. 15, 2029. The CreditWatch placements follow placement of the underlying securities on CreditWatch negative. A copy of the Delta Air Lines Inc.-related summary analysis, dated March 18, 2003, is available on RatingsDirect, Standard & Poor's Web-based credit analysis system....
Companies mentioned in this report are: Delta Air Lines Inc.
Action: On CreditWatch:Negative
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
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Delta Air Lines Inc.