Fitch boosts US Airways view to positive

Fitch Ratings said it revised its outlook on US Airways Group to positive from negative, reflecting improvements in the company's debt maturity profile and liquidity position.

In addition, Fitch said it has assigned a rating of B/RR1 to US Airways Group's $1.25 billion secured term loan facility administered by General Electric Capital Corp.

The agency said it also affirmed US Airways Group's issuer default rating of CCC and senior unsecured rating of CC/RR6.

Fitch added that a refinancing has allowed US Airways to move nearly $1.1 billion in debt maturities that would have been due in the 2006 through 2010 timeframe out to 2011, improving the carrier's near term liquidity.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.