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BULLETIN: Delta Rating Outlook Would Gain From End to UAL-US Airways Merger Bid Jul 01
Standard & Poors, July 2001
Abstract
Corporate credit rating: BBB-/Negative/- Delta Air Lines would benefit if current discussions between UAL and US Airways lead to termination of their merger proposal, as appears increasingly likely. At present, Standard & Poor's ratings and outlook for Delta remain unchanged. Delta would not face increased competition from the enlarged route systems of UAL unit United Air Lines Inc. and from American Airlines Inc., which was to participate by buying some assets of US Airways. Delta had stated that it would have to consider seeking to combine with another U.S. airline if the US Airways transactions were completed. If the UAL-US Airways merger proposal is withdrawn, Standard & Poor's will likely revise Delta's rating outlook to stable from negative. Delta, like...
Companies mentioned in this report are: Delta Air Lines Inc.
Action: S&P Event
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.
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