Delta Airlines has reached a significant financial milestone with S&P Global Ratings upgrading its credit rating to investment grade. This recognition underscores the airline’s robust financial performance and strategic efforts to strengthen its balance sheet and maintain fiscal resilience.
Embraer, a global leader in aerospace manufacturing, has achieved a significant milestone with Moody’s (US) awarding the company an Investment Grade rating. Moody’s has upgraded Embraer’s credit rating from Ba1 to Baa3, with a positive outlook, reflecting confidence in the company’s financial stability and growth prospects.
Fitch Ratings has downgraded the long-term credit rating of Spirit Airlines from ‘CCC’ to ‘CC’, signaling heightened financial distress and the likelihood of a near-term default. This latest downgrade places Spirit Airlines below other low-cost carriers (LCCs) in North America, reflecting concerns about the airline’s financial stability.
SpiceJet, one of India’s low-cost carriers (LCC), has received positive news from Acuite Ratings & Research, an Indian credit rating agency. Acuite has upgraded SpiceJet’s credit outlook to “stable,” a notable improvement given the challenges faced by many airlines in recent years. The credit agency has assigned SpiceJet a long-term rating of B+ and a…
Fitch Ratings has revised its outlook on United Airlines, moving it from Stable to Positive, while affirming the airline’s Long-Term Issuer Default Rating (IDR) at ‘BB-’. This change reflects Fitch’s confidence in United Airlines’ improved financial stability and growth prospects, as the airline continues to recover post-pandemic and strengthen its market position in the competitive…
Morningstar DBRS, one of the leading credit rating agencies, has announced the assignment of provisional credit ratings to notes issued by AASET 2024-2, a securitization transaction.
