Moody’s changes Delta Air Lines view to negative

Moody’s Investors Service said it revised the outlook on Delta Air Lines Inc. to negative from under review and confirmed the airline’s debt ratings, including the Baa3 senior unsecured and the Baa1 and Baa2 senior secured.

Moody’s also confirmed its ratings on the company’s and its subsidiaries’ enhanced equipment trust certificates.

“The negative outlook reflects the potential for greater than already anticipated adverse impact from the coronavirus pandemic, which would consume more of the company’s liquidity and delay the pace and scope of the recovery in demand, the retirement of debt and the strengthening of credit metrics relative to Moody’s current expectations. Nonetheless, strong liquidity currently mitigates downwards pressure on Delta’s ratings,” Moody’s said in a press release.

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