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Delta Air Lines Inc. Pass-Through Certificates Series 2011-1 Class A Rated 'A- (sf)' Apr 11 Product Image

Delta Air Lines Inc. Pass-Through Certificates Series 2011-1 Class A Rated 'A- (sf)' Apr 11

  • Published: April 2011
  • Standard & Poors

FEATURED COMPANIES

  • Boeing Co.
  • Delta Air Lines Inc.
  • Natixis S.A.
  • MORE

Abstract
NEW YORK (Standard & Poor's) April 4, 2011--Standard & Poor's Ratings Services said today that it has assigned its 'A- (sf)' rating to Delta Air Lines Inc.'s series 2011-1 class A pass-through certificates with an expected maturity of April 15, 2019. The final legal maturity will be 18 months after the expected maturity. The issue is a drawdown under a Rule 415 shelf registration. The 'A- (sf)' rating is based on Delta's credit quality, substantial collateral coverage, and on legal and structural protections available to the pass-through certificates. The company will use proceeds of the offering to refinance aircraft it already owns: 10 Boeing B737-800s, 12 B757-200s, and four B767-300ERs. The planes were originally delivered to Delta in 1995 through...

Companies mentioned in this report are:
- Delta Air Lines Inc.
- Boeing Co.
- Natixis S.A.

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 READ MORE >

- Delta Air Lines Inc.
- Boeing Co.
- Natixis S.A.

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