S&P rates US Airways notes CCC+

Standard & Poor's said it assigned its CCC+ issue-level rating to US Airways Group Inc.'s senior unsecured notes due 2018 with a 5 recovery rating.

The company will use proceeds for general corporate purposes.

The B- corporate credit rating is unchanged and the outlook is positive.

S&P said its ratings reflect US Airways' substantial debt and lease burden and participation in the high-risk U.S. airline industry.

The ratings also incorporate benefits from the company's operating costs, which are than those of other legacy airlines, the agency said.

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