Fitch Ratings has downgraded Spirit Airlines’ credit rating to CCC- from CCC+, citing mounting operational losses, deteriorating liquidity, and heightened risk of default.Fitch also downgraded debt tied to Spirit’s loyalty program to CCC- from B-, assigning a recovery rating of RR4, down from RR...
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FIRST 787 TO BE DELIVERED THIRD QUARTER THIS YEAR
By
Dino D'Amore
19th January 2011