| Add to balance / Manage account | User: | Log out |
| Prospect News home > News index > List of issuers H > Headlines for Hawaiian Holdings, Inc. > News item |
Fitch lowers Hawaiian Airlines 2013-1 EETC
Fitch Ratings said it downgraded the ratings for Hawaiian Airlines 2013-1 class A certificates to BB- from BB.
Fitch said the downgrade reflects the weakening recovery prospects due to a higher-than-expected decline in values for the A330-200. Fitch has also increased depreciation rate assumption from 6% to 7% for Fitch's tier 2 aircraft portfolio, including the aircraft in this transaction, reflecting long-term aircraft value trends.
“Fitch believes values of the A330-200s are unlikely to fully recover due to a large number of aircraft in storage, replacement from existing aircraft with newer technology and competition from Boeing 787s,” the agency said in a news release.
Fitch separately affirmed the long-term issuer default ratings of Hawaiian Airlines and its parent company, Hawaiian Holdings, Inc., at B-. The outlook is stable.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.