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S&P Credit Research910 word report
published Jul 27, 2009
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S&P Credit Research
| Abstract: | US Airways Group Inc. reported unrestricted cash and short-term investments of slightly less than $1.5 billion at the end of the second quarter, a level below which we have said that we may lower ratings. Although the company's second-quarter operating results were not as weak as those of most of its peer large U.S. airlines, they are likely to decline in coming quarters, when cash generation is typically lower for airlines due to seasonal travel patterns. While the company faces smaller debt maturities in the near term than some other airlines, it has few unencumbered assets against which it can borrow if worse-than-expected cash flow generation causes liquidity pressures. We are placing our ratings on US Airways Group Inc. and
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| Brief Excerpt: | RESEARCH Ratings Definitions Research Update: US Airways Group Inc. Ratings On Watch Negative Due To Revenue, Liquidity Concerns Publication date: 27-Jul-2009 Primary Credit Analyst: Philip Baggaley, CFA, New York (1) 212-438-7683;...
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| Report Type: | Research Update
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| Ticker: | U
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| Issuer: | US Airways Group Inc.
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| GICS: | Airlines (20302010)
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| Sector: | Global Issuers
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| Country: | United States
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| Region: | United States
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| Free Sample: |
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S&P Credit Research provides analysis on issuers and debt obligations of corporations, states and municipalities, financial institutions, insurance companies and sovereign governments. S&P also offers insight into the credit risk of structured finance deals, providing an independent view of credit risk associated with a growing array of debt-securitized instruments.
Also from S&P Credit Research
- US Airways Group Inc. Ratings Placed On Watch Negative Re Liquidity, Revenue Concerns $100.00
--US Airways Group Inc. reported unrestricted cash and short-term investments of slightly less than $1.5 billion at the end of the second quarter, a level below which we have said that we may lower ratings. --Although the company's second-quarter ...
- US Airways Group Inc.'s $75 Million Convertible Senior Notes Rated 'CCC' $100.00
NEW YORK (Standard&Poor's) May 7, 2009--Standard&Poor's Ratings Services today assigned a 'CCC' rating to US Airways Group Inc.'s (B-/Negative/--) $75 million convertible senior notes due 2014, two notches below the corporate credit rating ...
- Summary: US Airways Group Inc. $175.00
The ratings on US Airways Group Inc. reflect participation in the high-risk U.S. airline industry, a substantial debt burden, and limited financial flexibility. Ratings also incorporate the company's improved route network after the merger ...
- US Airways Group Inc. $400.00
Improved route network after 2005 merger with America West Modest debt maturities Participation in cyclical, price competitive, and capital-intensive airline industry Heavy debt and lease burden and weak balance sheet Limited financial flexibility, ...
- Summary: US Airways Group Inc. $175.00
The ratings on US Airways Group Inc. reflect participation in the high-risk U.S. airline industry, a substantial debt burden, limited financial flexibility, and ongoing labor integration problems. Ratings also incorporate the company's improved ...
- US Airways Group Inc. 'B-' CCR Affirmed, Off Watch; Outlook Negative $100.00
NEW YORK (Standard&Poor's) Oct. 20, 2008--Standard&Poor's Ratings Services today affirmed its ratings on US Airways Group Inc., including the 'B-' corporate credit rating, and removed them from CreditWatch with negative implications. The ratings ...
- Research Update: US Airways Group Inc. 'B-' CCR Affirmed, Off Watch; Outlook Negative $175.00
On Oct. 20, 2008, Standard&Poor's Ratings Services affirmed its ratings on US Airways Group Inc., including the 'B-' corporate credit rating, and removed them from CreditWatch with negative implications. The ratings had been placed on CreditWatch ...
- Research Update: US Airways Group Inc. 'B-' Rating Placed On CreditWatch Negative $175.00
On May 22, 2008, Standard&Poor's Ratings Services placed its 'B-' corporate credit and other ratings on US Airways Group Inc. on CreditWatch with negative implications, due to record high fuel prices. Ratings on 'AAA' rated, bond-insured enhanced ...
