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Published on 2/1/2024 in the Prospect News Bank Loan Daily, Prospect News Canadian Bonds Daily and Prospect News High Yield Daily.

Fitch yanks WestJet Loyalty bond rating

Fitch Ratings said it withdrew its ratings on WestJet Loyalty LP’s bond because WestJet has chosen not to issue its previously planned $500 million loyalty-program-backed bond.

Simultaneously, WestJet opted to upsize its planned senior secured term loan to $1.5 billion from $1 billion. Fitch's said its BB-/RR2 term loan ratings are unaffected.


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