Manufacturing Industry
Standard & Poor's shifts rating outlook on Delta Air Lines
Airline Industry Information, March 28, 2005
AIRLINE INDUSTRY INFORMATION-(C)1997-2005 M2 COMMUNICATIONS LTD
Rating agency Standard & Poor's has changed its CreditWatch rating outlook on Delta Air Lines from "positive" to "developing", indicating more uncertainty on the future direction of the company's debt ratings.
The move was said to reflect renewed pressure on the airline's liquidity due to rising fuel prices.
Delta's current corporate credit rating is "CC" and its senior unsecured debt "C".
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