Fitch Ratings has affirmed the class A notes at ‘A’ and upgraded the class B (to ‘BBB’ from ‘BB+’), class C (to ‘BB’ from ‘B+’) and class D (to ‘B+’ from ‘B’) notes for Virgin Australia Holdings Limited’s (VAH, not rated publically) enhanced equipment notes (EEN) series 2013-1. Fitch’s ratings cover approximately $595 million of outstanding senior and subordinated notes. The upgrades to all of the subordinated tranches are driven by the general improvement of VAH’s corporate credit profile in Fitch’s view, while the upgrades of the B and C subordinated tranches are also driven by an increase in the

This content is restricted to site members.

If you are an existing user, please login below.
New users may register below.

Existing Users Log In