Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers J > Headlines for JetBlue Airways Corp. > News item |
Fitch ups JetBlue notes to CCC/RR5
Fitch Ratings said it affirmed JetBlue Airways Corp.'s issuer default rating of B- and upgraded the senior unsecured rating for about $285 million of convertible notes to CCC/RR5 from CC/RR6.
The outlook remains stable.
The B- issuer default rating reflects the company's high lease-adjusted leverage, earnings vulnerability to higher fuel prices and the inherent risks of the airline industry, balanced by the carrier's competitive cost structure, industry leading revenue performance, improving cash flow profile and healthy liquidity position, according to the agency.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.