Fitch ups US Airways

Fitch Ratings said it upgraded the issuer default ratings of US Airways Group, Inc. and its primary operating subsidiary US Airways, Inc. to B+ from B-.

The ratings have been removed from Rating Watch Positive where they had been since Feb. 14 following the merger announcement with American Airlines.

The outlook is positive.

The ratings apply to $1.1 billion of term loan debt and $179 million of convertible notes outstanding. See the full list of ratings actions at the end of the release.

Fitch said the upgrade reflects the continued improvement of its credit profile on a standalone basis and does not incorporate potential benefits from its pending merger with American.

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