Moody's gives United notes Caa2

Moody's Investors Service said it assigned a Caa2 rating to the planned private offering of $150 million of senior second-lien notes due 2013 of United Air Lines, Inc.

Moody's noted that it is maintaining all of its other ratings of United and of its parent, UAL Corp.

The outlook is negative.

The proceeds of the notes will be used for general corporate purposes, including upcoming debt maturities, the agency added.

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