Research Update: Delta Air Lines 'B' Corporate Rating Affirmed; Outlook Revised To Positive On Expected Earnings And Cash Flow Gains May 12
Standard & Poors, May 2012
Abstract
U.S.-based Delta Air Lines is generating free cash flow, and we believe its credit measures will gradually improve as the company repays debt. We are affirming our 'B' corporate credit rating and our other ratings on Delta while revising the outlook to positive from stable. We could raise ratings if the improvement in financial measures occurs more rapidly than we currently expect, resulting in funds flow to debt rising into the mid-teens percent area. On May 25, 2012, Standard & Poor's Ratings Services affirmed its ratings, including the 'B' corporate credit rating (CCR), on Atlanta-based Delta Air Lines Inc. We revised the outlook to positive from stable. We expect that the company will continue to generate satisfactory earnings and cash...
Companies mentioned in this report are: Delta Air Lines Inc.
Action: Outlook: Positive
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.
Product Type: Research Update
Research updates complement media releases. They offer more depth and detail than summary analyses by incorporating all information published in the media release. They are more up to date than summaries in that they are published simultaneously with media releases.
Delta Air Lines Inc.
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