Moody’s ups UAL rating

Dino D'Amore
By Dino D'Amore September 30, 2010 14:44

Moody’s ups UAL rating

Moody’s Investors Service has increase the ratings for United parent, UAL Corp following the completion of its review of the airline after it announced it was to merge with Continental Airlines.

Moody’s is the last large credit rating agency to ramp up the ramping for UAL. It said it expects UAL’s credit metrics and liquidity to strengthen in coming quarters, and for demand to stay stable. It also anticipates little pressure from fuel costs or capital expenditures, based on the lack of any aircraft deliveries coming up soon.

Moody’s lifted UAL’s ratings to B2, still five notches below investment grade. It also affirmed its ratings on Continental, also at B2. The outlooks on both are stable.

Dino D'Amore
By Dino D'Amore September 30, 2010 14:44
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