Another ratings agency elevates Delta to “investment grade”

Published on : Saturday, May 21, 2016

imagesFitch Ratings has upgraded its rating on Delta’s debt to “investment grade,” the latest agency to elevate Delta’s credit rating.“The upgrades reflect the material improvements in Delta’s credit profile in recent years as the company has paid down debt, improved profitability, and firmly established its ability to generate meaningful free cash flow,” the agency said in a press release. “The rating actions are also supported by Delta’s position as a leading carrier in a consolidated North American industry.”

 

An investment-grade credit rating is similar to having a good credit score. It means that the agency is confident that Delta can pay its debts over the long term. Most of the major U.S. airlines with global operations had their ratings reduced below investment grade following 9/11.

 

Earlier this year, Moody’s Investor Service made Delta the first global U.S. airline to restore its rating to investment-grade level. Having an investment-grade rating allows Delta access cheaper interest rates to finance projects like fleet upgrades, airport facilities and technology investments. It also sends a message to customers and investors that Delta is a financially stable, high-performing company.

 

Source:-Delta Airlines

Tags: ,

Leave a Reply

Your email address will not be published. Required fields are marked *

*

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>

arrow2Follow TTW
 
facebook-logo  twitter-logo  LinkedIn_logo  stumbleupon-logo   rss_logo 
ttw_blogger_logo  ttw_blogger_logo  ttw_blogger_logo

ADVERTISEMENT

  • 03 itb-asia 2017
  • 04 Imex America 2017
  • 10 Globalwellnesssummit 2017
  • 10 thehotelshow 2017
  • 11 AHIF 2017
  • 11 hospitalityaward 2017
  • 12 hotelfair 2017
  • 12 theleisureshow 17
  • 12 TTF17
  • 13 Frontiers Forum 2017
  • 14 bltm 2017
  • 14 patatravelmart 2017
  • 14 Seatrade-Europe 2017
  • 15 amsummit-ind 2017
  • 15 leisure 17
  • 16 Aviation Festival 2017
  • 16 OTDYKH 2017
  • 16 SKAL 17
  • 17 thincindonesia 2017
  • 17 worldmiceday 2017
  • 18 worldmiceday 2017
  • 19 IITM
  • 19 itehcmc 2017
  • 19 TTG Incontri 2017
  • 20 hmasummit  2017
  • 21 hoteltechhk 17
  • 43 PATA

TRAVEL INDUSTRY EVENTS

Get our toolbar!
Review www.travelandtourworld.com on alexa.com