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S&P cuts Air Canada certificates
S&P said it took rating actions on the issue-level ratings of four Air Canada enhanced equipment trust certificates following a review prompted by its publication of new criteria for rating such issues on May 26. It also removed the under criteria observation indicator from the affected ratings.
The agency cut the 2013-1 class A certificates to BB+(sf) from BBB-(sf) lowered the 2015-2 class AA to A+(sf) from AA-(sf) and the 2020-1 class C certificates to B+(sf) from BB-(sf).
S&P raised the 2018-1 class B certificates a notch to BBB+(sf) from BBB(sf).
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