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Prospect News home > News index > List of issuers A > Headlines for Air Canada > News item
Published on 6/22/2020 in the Prospect News Bank Loan Daily, Prospect News Canadian Bonds Daily, Prospect News Convertibles Daily, Prospect News High Yield Daily and Prospect News Investment Grade Daily.

Fitch rates Air Canada notes BB-

Fitch Ratings said it assigned a rating of BB-/RR4 to Air Canada’s proposed second-lien secured notes.

The rating is driven by their second-lien position against assets that secure Air Canada’s credit facility and secured notes due in 2023, Fitch said.

The new second-lien notes will have a tenor of four years.

Proceeds will be used to bolster the company’s liquidity position.


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