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Published on 12/12/2014 in the Prospect News Bank Loan Daily, Prospect News Convertibles Daily, Prospect News High Yield Daily and Prospect News Investment Grade Daily.

S&P cuts Delta’s Northwest Airlines

Standard & Poor's said it lowered its ratings on the Northwest Airlines Inc. 2001-1 class A1 enhanced equipment trust certificates to BBB from A+ and on the class B certificates to BB+ from BBB.

Northwest merged into Delta Air Lines Inc. in 2008.

The downgrade reflects the particular circumstances of these certificates and does not affect any other Delta Air Lines ratings, Moody’s said.


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