Moody’s changes One Sky view

Moody's Investors Service said it changed One Sky Flight, LLC's outlook to stable from negative and affirmed its existing ratings, including its corporate family rating and probability of default rating at B3 and B3-PD, respectively, and the company's B3 first-lien senior secured term loan rating.

The change in One Sky's outlook to stable is driven by better than expected operating results in the second quarter of 2020, including solid profitability and liquidity improvements, largely due to the company's ability to manage its fleet in a weak demand environment by controlling costs while continuing to earn fees from long-term management contracts, the agency said.

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