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Delta Air Lines Inc. Series 2011-1 Class B Pass-Through Certificates Assigned Preliminary 'BB (sf)' Rating Aug 11
- Published: August 2011
- Standard & Poors
NEW YORK (Standard & Poor's) Aug. 12, 2011--Standard & Poor's Ratings Services said today that it has assigned its preliminary 'BB (sf)' rating to Delta Air Lines Inc.'s series 2011-1 class B pass-through certificates with an expected maturity of Oct. 15, 2014. The final legal maturity will be 18 months after the expected maturity. The issue is a drawdown under a Rule 415 shelf registration. We will decide on final ratings upon the conclusion of a legal review of the issue's documentation. The certificates are secured by the same collateral as, and are subordinate to, Delta's 2011-1 class A pass-through certificates, which we rated 'A- (sf)' on April 4, 2011. The preliminary 'BB (sf)' rating is based on Delta's credit...
Companies mentioned in this report are: Delta Air Lines Inc.,Boeing Co.
Action: New Rating
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Research type: News
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Delta Air Lines Inc.,Boeing Co.