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Bulletin: Ratings On UAL Corp. And US Airways Unaffected By Merger Reports Apr 10
Standard & Poors, April 2010
Abstract
NEW YORK (Standard & Poor's) April 8, 2010--Press reports have announced that United Air Lines Inc. (the major operating subsidiary of UAL Corp., both rated 'B-' with a negative outlook) and US Airways Inc. (B-/Negative/--) are again discussing a potential merger. This would mark the third time both airlines have held these discussions, first in 2001 and most recently, in 2008. UAL also explored a merger with Continental Airlines Inc. in 2008, but more recently UAL and Continental have entered into a joint marketing alliance. While neither UAL nor US Airways has yet to comment on any potential merger, managements of both companies have been vocal proponents of industry consolidation for some time. For now, absent any details as to...
Companies mentioned in this report are: United Continental Holdings Inc.,Continental Airlines Inc.,Delta Air Lines Inc.,Northwest Airlines Inc.,Southwest Airlines Co.,United Air Lines Inc.,US Airways Inc.
Action: Bulletin
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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