Fitch ups US Airways, gives loan BB-

Fitch Ratings said it upgraded its ratings on US Airways Group, Inc. as follows: issuer default rating to B- from CCC, secured term loan rating to BB-/RR1 from B/RR1 and senior unsecured rating to CCC/RR6' from CC/RR6.

Fitch said its ratings apply to $1.9 billion in outstanding debt.

In addition, Fitch noted it has assigned a rating of BB-/RR1 to US Airways' new $1.6 billion secured term loan facility that is currently in syndication.

The outlook is positive.

According to the agency, the upgrade in US Airways' ratings reflects the substantial improvement in the airline's credit profile that has occurred since the carrier exited Chapter 11 protection and merged with America West Holdings Corp. in September 2005.

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