Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers U > Headlines for US Airways, Inc. > News item |
S&P rates US Airways loan B+
Standard & Poor's said it assigned its B+ rating to US Airways Inc.'s $1.6 billion term loan. US Airways is the major operating subsidiary of US Airways Group Inc.
The $1 billion tranche B1 matures in 2019 and the $600 million tranche B2 matures in 2016. The recovery rating is 1.
The company will use the term loans primarily to refinance its existing term loan.
S&P said its ratings on US Airways Group reflect its substantial debt and lease burden and participation in the high-risk U.S. airline industry.
The ratings also incorporate benefits from the company's operating costs, which are lower than those of other legacy airlines, the agency said.
© 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.