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Aircraft Debt Ratings of Eight Airlines Placed on CreditWatch Negative Jan 03
Standard & Poors, Jan 2003
Abstract
NEW YORK (Standard & Poor's) Jan. 31, 2003-- Standard & Poor's Ratings Services said today it placed its ratings on equipment trust certificates and enhanced equipment trust certificates of eight airlines on CreditWatch with negative implications. The airlines are Alaska Airlines Inc. (BB/Negative/--), America West Airlines Inc. (B-/Negative/--), Atlantic Coast Airlines Holdings Inc. (B-/Negative/--), Continental Airlines Inc. (B+/Negative/--), Delta Air Lines Inc. (BB/Negative/--), Federal Express Corp. (BBB/Stable/--), Northwest Airlines Inc. (BB-/Negative/--), and Southwest Airlines Co. (A/Negative/--). Ratings of several other airlines, including ratings on aircraft-backed debt, are already on CreditWatch, and will be included in an upcoming review. Ratings on Northwest Airlines Inc.'s NWA Trust No. 1 aircraft notes and enhanced equipment trust certificates of American Trans Air Inc. (B-/Negative/--)...
Companies mentioned in this report are: Alaska Airlines Inc.,Continental Airlines Inc.,Delta Air Lines Inc.,Federal Express Corp.,Northwest Airlines Inc.,Southwest Airlines Co.,ATA Airlines Inc.,FLYi Inc.,America West Airlines 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
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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