S&P affirms US Airways

Standard & Poor's said it affirmed its ratings on US Airways Group Inc., including the B- corporate credit rating, and removed them from Creditwatch with negative implications.

The ratings had been placed on Creditwatch May 22, as part of an industrywide review, the agency said.

The outlook is negative.

According to S&P, ratings on pass-through certificates insured by bond insurers were not on Creditwatch and are not affected while certain ratings on nonbond insured pass-through certificates were revised based on material changes in collateral coverage.

The agency noted that the rating affirmation reflects improving revenue generation and lower oil prices, which should allow US Airways to maintain adequate near-term liquidity and generate better financial results in 2009.

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