E-mail us: service@prospectnews.com Or call: 212 374 2800
Bank Loans - CLOs - Convertibles - Distressed Debt - Emerging Markets
Green Finance - High Yield - Investment Grade - Liability Management
Preferreds - Private Placements - Structured Products
 
Published on 11/14/2017 in the Prospect News Bank Loan Daily and Prospect News Investment Grade Daily.

S&P rates Southwest Airlines notes BBB+

S&P said it assigned a BBB+ issue-level rating to Southwest Airlines Co.'s proposed senior unsecured notes due 2022 and 2027.

The agency said it rates the company's unsecured debt at the same as the corporate credit rating because no significant elements of subordination risk are present in its capital structure.

The corporate credit rating on Southwest reflects the company's consistent profitability, S&P said.

“Southwest has maintained a substantial cost advantage over its larger competitors since it began operating in 1971, although that gap has narrowed somewhat in recent years as it raised employee pay and its network competitors reduced their costs in bankruptcy,” the agency said in a news 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.