Fitch alters Spirit Air view to negative

Fitch Ratings said it revised the outlook for Spirit Airlines, Inc. to negative from stable and affirmed its long-term issuer default rating at BB-.

“The outlook revision follows JetBlue's announcement that it has made an unsolicited bid to purchase Spirit for $3.6 billion in an all-cash transaction. The negative outlook is driven in part by the acquisition announcement but also considers uncertainties in the current operating environment including volatile fuel prices and potential broader economic impacts,” Fitch said in a press release.

The agency said it if the deal closes the downgrade would probably be limited to a notch.

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