Ratings on Two Delta Air Lines Inc.-Related Synthetic Transactions Put on CreditWatch Mar 03

Standard & Poors, March 2003

Abstract
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

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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.

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