E-mail us: service@prospectnews.com Or call: 212 374 2800
Bank Loans - CLOs - Convertibles - Distressed Debt - Emerging Markets
Green Finance - High Yield - Investment Grade - Liability Management
Preferreds - Private Placements - Structured Products
 
Published on 5/14/2012 in the Prospect News Convertibles Daily, Prospect News High Yield Daily and Prospect News Investment Grade Daily.

S&P rates US Airways certificates BBB, B+, B

Standard & Poor's said it assigned its BBB (sf) rating to US Airways Inc.'s 5.9% $379.785 million series 2012-1 class A pass-through certificates with an expected maturity of Oct. 1, 2024.

At the same time, the agency said it assigned its B+(sf) rating to the 8% $124.958 million class B pass-through certificates with an expected maturity of Oct. 1, 2019.

The agency said it also assigned its B (sf) rating to the 9.125% $118.636 million class C pass-through certificates with an expected maturity of Oct. 1, 2015.

"We base the BBB(sf), B+(sf), and B (sf) ratings on US Airways' credit quality, substantial collateral coverage by good quality aircraft, and on legal and structural protections available to the pass-through certificates," said S&P credit analyst Betsy Snyder in a news 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.