Fitch rates Southwest Airlines loan BBB

Fitch Ratings said it assigned a rating of BBB to Southwest Airlines Co.'s new $800 million unsecured revolving credit facility.

Southwest's issuer default rating is BBB and the outlook is stable.

The facility, upsized from the previous $600 million revolver following the closing of Southwest's acquisition of AirTran Holdings, Inc., matures in 2016.

Following the closing of the AirTran acquisition, Fitch said it continues to view Southwest's credit profile as generally stable, despite the rapid rise in crude oil and jet fuel prices since the fall of 2010.

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