Fitch rates Alaska Air BBB-

Fitch Ratings said it assigned an initial BBB- issuer default rating to Alaska Air Group Inc.

The outlook is stable.

Fitch said the rating is supported by Alaska Air’s low leverage, solid financial flexibility and strong operating margins. Healthy cash balances, a sizeable base of unencumbered assets and the ability to generate free cash flow support Alaska Air ability to meet its financial commitments, the agency added.

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