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US Airways Raises Bid On Delta Air Lines; Ratings Still Watch Developing Jan 07 Product Image

US Airways Raises Bid On Delta Air Lines; Ratings Still Watch Developing Jan 07

  • Published: January 2007
  • Region: United States
  • Standard & Poors

FEATURED COMPANIES

  • Delta Air Lines Inc.
  • US Airways Group Inc.
  • US Airways Inc.
  • MORE

Abstract
NEW YORK (Standard & Poor's) Jan. 10, 2007--Standard & Poor's Ratings Services stated that its ratings on US Airways Group., including the 'B-' corporate credit ratings on US Airways Group and its major operating subsidiaries America West Holdings Corp., America West Airlines Inc., and US Airways Inc., remain on CreditWatch with developing implications, where they were initially placed on Nov. 15, 2006. US Airways today revised its proposal to merge with Delta Air Lines Inc. (rated 'D'), under which both companies would combine upon Delta's emergence from bankruptcy, expected in the first half of 2007. The revised proposal, for which US Airways already has $8.2 million of committed financing (compared to $7.2 million in the previous proposal), would provide approximately...

Companies mentioned in this report are:
- US Airways Group Inc.
- Delta Air Lines Inc.
- US Airways Inc.
- America West Holdings Corp.
- America West Airlines Inc.

Action: CreditWatch Update

Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns READ MORE >

- US Airways Group Inc.
- Delta Air Lines Inc.
- US Airways Inc.
- America West Holdings Corp.
- America West Airlines Inc.

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