Moody's may up Worldspan

Moody's Investors Service said it placed on review for possible upgrade Worldspan LP's B1 guaranteed secured bank credit facility rating and B2 guaranteed senior note rating.

The review for upgrade is prompted by Worldspan's pending initial public offering and improved financial performance reported through its first quarter ended March 31. The review for upgrade incorporates Moody's expectation that a substantial portion of IPO proceeds will be used to repay debt.

On review for an upgrade are Worldspan's B1 rating on $175 million guaranteed senior secured bank credit facility due 2007, B2 rating on $280 million guaranteed senior unsecured notes due 2011, B1 senior implied rating, and B3 long-term issuer rating.

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