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S&P rates US Airways loan B+
Standard & Poor's said it assigned its B+ rating to US Airways Inc.'s $1.6 billion term loan. US Airways is the major operating subsidiary of US Airways Group Inc.
The $1 billion tranche B1 matures in 2019 and the $600 million tranche B2 matures in 2016. The recovery rating is 1.
The company will use the term loans primarily to refinance its existing term loan.
S&P said its ratings on US Airways Group reflect its substantial debt and lease burden and participation in the high-risk U.S. airline industry.
The ratings also incorporate benefits from the company's operating costs, which are lower than those of other legacy airlines, the agency said.
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