Ratings on Two Delta-Related Synthetic Deals Affirmed, Removed From CreditWatch Negative Jul 03
- ID: 1929094
- July 2003
- Standard & Poors
NEW YORK (Standard & Poor's) July 9, 2003--Standard & Poor's Ratings Services today affirmed its ratings on the class A-1 certificates issued by Corporate Backed Trust Certificates Series 2001-6 Trust and Corporate Backed Trust Certificates Series 2001-19 Trust. At the same time, the ratings are removed from CreditWatch with negative implications, where they were placed March 20, 2003 (see list). The series 2001-6 and 2001-19 Corporate Backed Trust Certificates Trusts are synthetic transactions that are weak-linked to the underlying securities, Delta Air Lines Inc.'s 8.3% senior unsecured notes due Dec. 15, 2029. The rating actions reflect the affirmed ratings on Delta Air Lines and their removal from CreditWatch July 8, 2003. A copy of the Delta Air Lines Inc.-related press...
Companies mentioned in this report are:
- Delta Air Lines Inc.
Action: Affirmed, Off CreditWatch
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Research type: News
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