Moody's assigns Southwest Airlines notes Baa1

Moody's Investors Service said it assigned a Baa1 rating to Southwest Airlines Co.'s new senior unsecured notes due 2023 and 2025.

Southwest intends to use the proceeds to reduce the amount outstanding of the 364-day credit facility due March 29, 2021. There was $3.68 billion outstanding on this facility on April 27th.

“The issuance of these new notes does not affect Moody's Baa1 senior unsecured or any other of the ratings assigned to Southwest, all of which remain on review for downgrade,” the agency said in a press release.

© 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.