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S&P Credit Research777 word report
published Oct 20, 2008
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S&P Credit Research
| Abstract: | 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 had been placed on CreditWatch May 22, 2008, as part of an industrywide review. The outlook is negative. Ratings on pass-through certificates insured by bond insurers were not on CreditWatch and are not affected. Certain ratings on nonbond insured pass-through certificates were revised based on material changes in collateral coverage. "The rating affirmation reflects improving revenue generation and lower oil prices, which should allow US Airways to maintain adequate near-term liquidity and generate better financial results in 2009," said Standard&Poor's credit
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| Brief Excerpt: | RESEARCH Ratings Definitions US Airways Group Inc. 'B-' CCR Affirmed, Off Watch; Outlook Negative Publication date: 20-Oct-2008 Primary Credit Analyst: Betsy R Snyder, CFA, New York (1) 212-438-7811; betsy_snyder@standardandpoors.com...
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| Report Type: | Ratings Action
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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.
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- US Airways Group Inc. Ratings Placed On Watch Negative Re Liquidity, Revenue Concerns $100.00
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- Research Update: US Airways Group Inc. Ratings On Watch Negative Due To Revenue, Liquidity Concerns $175.00
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 ...
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- 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 ...
- 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 ...
