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| Prospect News home > News index > List of issuers D > Headlines for Delta Air Lines, Inc. > News item |
S&P affirms Delta Air Lines, ups two EETCs
S&P said it affirmed most of its ratings, including its BBB- issuer credit rating, on Delta Air Lines Inc. The outlook remains stable.
S&P raised its issue ratings on the Delta 2012-1 Class B enhanced equipment trust certificates (EETCs) to BBB+ from BBB and on the Northwest Airlines Inc. (now merged into Delta) 2002-1 class G2 certificates to A from A-.
“In both cases this reflected debt amortization in excess of aircraft depreciation that led to better-than-expected collateral coverage that we believe will persist,” S&P said in a news release.
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