S&P revises Spirit Airlines view to negative

S&P said it revised its outlook on Spirit Airlines Inc. to negative from stable and affirmed its BB- issuer credit rating on the company.

At the same time, the agency affirmed its ratings on Spirit's 2015-1 and 2017-1 enhanced equipment trust certificates (EETCs).

“The negative outlook on Spirit reflects our expectation that credit metrics will decline through 2019 from 2017 levels, as the company experiences margin pressure, primarily due to higher fuel costs, and higher debt levels to finance incremental aircraft,” S&P said in a news release.

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