Delta Air Lines Inc. Pass-Through Certificates Series 2010-2B Assigned Preliminary 'BB' (sf) Rating Feb 11
Standard & Poors, February 2011
Abstract
NEW YORK (Standard & Poor's) Feb. 7, 2011--Standard & Poor's Ratings Services said today that it has assigned its preliminary 'BB' (sf) rating to Delta Air Lines Inc.'s (Delta) pass–through certificates series 2010-2B, a rule 415 shelf registration drawdown, with an expected maturity of Nov. 23, 2015. The final legal maturity will be 18 months after the expected maturity. The issue is a junior tranche secured by the same collateral as the $474.1 million series 2010-1A certificates issued Nov. 15, 2010. The issuance of this series has no effect on our 'A-' (sf) rating on the 2010-A series. The preliminary 'BB' (sf) rating on the 2010-1 class B certificates reflects Delta's credit quality, substantial collateral coverage by a combination of...
Companies mentioned in this report are:
- Delta Air Lines Inc.
- Natixis S.A.
- Northwest Airlines Inc.
- Bank of New York Mellon (The)
- Northwest Airlines Corp.
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 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.
- Delta Air Lines Inc.
- Natixis S.A.
- Northwest Airlines Inc.
- Bank of New York Mellon (The)
- Northwest Airlines Corp.
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