Fitch flips Alaska Air view to positive

Fitch Ratings said it changed the outlook for Alaska Air Group, Inc. to positive from negative and affirmed its BB+ issuer default rating. Fitch also affirmed Alaska Air Group 2020-1 class A certificates at A- and class B certificates at BBB+.

“The positive outlook on Alaska's IDR reflects quickly improving credit metrics as the company has paid down debt and generated solid profit margins coming out of the pandemic. Fitch expects Alaska's total adjusted debt/EBITDAR to remain in the low 2x range over the forecast period. Alaska has been proactive in repairing its balance sheet, reducing gross adjusted debt to $3.8 billion at YE 2022 from a peak of $5.5 billion,” the agency said in a press release.

© 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.