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S&P lifts US Airways Group
Standard & Poor's said it raised its ratings on US Airways Group Inc., including raising the corporate credit rating to B from B-.
At the same time, S&P revised its outlook to stable from positive.
S&P also raised the issue ratings on the company's enhanced equipment trust certificates, in some cases by two notches, based on S&P's assessment of changes in collateral coverage.
"We raised our ratings on US Airways based on the company's improved financial profile, due to stronger operating performance and liquidity, trends we expect it to maintain through 2014," said S&P credit analyst Betsy Snyder in a news release.
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