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S&P rates Delta Air Lines pass-throughs AA, A+
Standard & Poor’s said it assigned its preliminary AA (sf) issue-level rating on Delta Air Lines Inc.’s series 2015-1 class AA pass-through certificates with an expected maturity of July 30, 2027.
At the same time, S&P assigned a preliminary A+ (sf) issue-level rating on the company’s series 2015-1 class A pass-through certificates with an expected maturity of July 30, 2027.
“We base the preliminary ratings on Delta Air Lines’ credit quality, the substantial collateral coverage by good-quality aircraft, and the legal and structural protections available to the pass-through certificates,” S&P said in a news release.
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