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| Prospect News home > News index > List of issuers D > Headlines for Delta Air Lines, Inc. > News item |
S&P rates Delta Air Lines loans BBB
Standard & Poor’s said it assigned its BBB issue-level rating and 1 recovery rating to Delta Air Lines Inc.’s $1.5 billion revolving credit due 2020 and $500 million term loan B due 2022. The 1 recovery rating indicates an expectation of very high (90%-100%) recovery in a default scenario.
Delta is refinancing the existing $1.225 billion revolving credit facility and $1.32 billion term loan B that it arranged in 2011. S&P currently rates both of these facilities BBB with a 1 recovery rating.
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