Delta Air Lines Inc. Pass-Through Certificates Series 2011-1 Assigned Preliminary 'A- (sf)' Rating Mar 11
Standard & Poors, March 2011
Abstract
NEW YORK (Standard & Poor's) March 30, 2011--Standard & Poor's Ratings Services said today that it has assigned its preliminary 'A- (sf)' rating to Delta Air Lines Inc.'s series 2011-1 class A pass-through certificates with an expected maturity of April 15, 2019. 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 to assign upon the conclusion of a legal review of the documentation. The preliminary 'A- (sf)' rating is based on Delta's credit quality, substantial collateral coverage, and on legal and structural protections available to the pass-through certificates. The company will use proceeds of the offering to refinance aircraft it...
Companies mentioned in this report are: Delta Air Lines Inc.,Boeing Co.,Natixis S.A.
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.,Boeing Co.,Natixis S.A.
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