Fitch: US Airways Group IDR at 'B-'; Outlook Revised to Stable.
Travel & Leisure Close-Up, April, 2008
TRAVEL AND LEISURE CLOSE-UP-20 April 2008-Fitch: US Airways Group IDR at 'B-'; Outlook Revised to Stable(C)2008 - CloseUpMedia - newsdesk@closeupmedia.com
Fitch Ratings has affirmed the debt ratings of US Airways Group as follows:
- Issuer Default Rating (IDR) at 'B-';
- Secured term loan rating at 'BB-/RR1';
- Senior unsecured rating at 'CCC/RR6'.
Fitch's ratings apply to approximately $1.7 billion in outstanding debt. The Rating Outlook has been revised to Stable from Positive.
In a release, Fitch stated:
- Similar to the ratings of other U.S. network airlines, US Airways' ratings reflect its highly leveraged capital structure and ever-present industry risks. However, these risks are mitigated...
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