Fitch cuts Delta Air Lines credit rating
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Fitch Ratings said on Thursday it cut Delta Air Lines&#39; (DAL.N: Quote, Profile, Research) debt rating after the company said it would initiate an exchange offer that would affect much of the airline&#39;s senior unsecured debt.
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Delta Air Lines Inc. DAL.N, the No.  3 U.S. carrier, on Wednesday cut its fares by up to 50 percent  for travel in the continental United States in order to compete  with low-cost rivals.
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Shares of US airlines took off in Wednesday trading after UBS Investment Bank raised its rating on Delta Air Lines Inc., saying the cash-strapped carrier&#39;s latest survival moves are lessening prospects of bankruptcy.
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Delta Air Lines Inc., struggling to  cut costs to avert bankruptcy, said on Thursday it was amending  its offer to exchange up to $680 million worth of its  outstanding $2.6 billion of unsecured debt, asking holders to  submit tenders by Oct. 26.
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Moody's Investors Service lowered the credit ratings on $5.2 billion of bonds backed by subprime mortgages and Standard &amp; Poor's said it may cut ratings on $12 billion as the companies seek to deflect criticism they were too slow to act as home-loan defaults rose.
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NEW YORK -- Standard &amp; Poor's Ratings Services said yesterday it cut its credit rating on medical device maker Boston Scientific Corp., saying weaker-than-expected sales have placed pressure on the sizable debt the company took on to buy Guidant Corp. this year.
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Shares of Delta Air Lines Inc. fell Monday on the fear among some analysts that the struggling carrier will be forced into bankruptcy if it doesn&#39;t get significant wage concessions from its pilots in the next three weeks.
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Fitch Ratings on Friday downgraded the European aerospace giant EADS, the parent group of planemaker Airbus, due to "pressure" on its earnings margins and cash flow generation.
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Delta Air Lines Inc. (DAL.N: Quote, Profile, Research) , the No. 3 US carrier, said on Sunday it will cut 2,000 aircraft-maintenance jobs, up to 3,100 customer-service jobs, and between
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Standard &amp; Poor&#39;s Ratings Services on Tuesday (Sept. 28) lowered its long-term ratings on Regional Bell Operating Companies (RBOCs) BellSouth Corp.
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Delta Air Lines Inc., the No. 3 U.S.  carrier, said on Wednesday it is cutting its airfares by as  much as 50 percent for travel in the continental United States.
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Credit ratings agency S&amp;P cut Russia&#39;s YUKOS (YUKO.RTS: Quote, Profile, Research) to default grade on Tuesday for missing a payment on a Western bank loan after
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Delta Air Lines pilots, who resisted pay cuts for three years as their employer flew ever closer to bankruptcy, have voted to slash their own compensation to save the airline.
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US Airways Group on Wednesday said it withdrew its takeover offer for Delta Air Lines after Delta's official creditor committee informed US Airways that it would not support the bid.
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Delta Air Lines (DAL.N: Quote, Profile, Research) said on Wednesday it was revising its last annual report to reflect its worsening financial condition and to include the possibility of filing for bankruptcy protection.
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Moody&#39;s Investors Service on Tuesday cut the debt ratings for SBC Communications Inc. (SBC.N: Quote, Profile, Research) and BellSouth Corp.
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The pressure on bond insurers  increased on Wednesday after Fitch Ratings downgraded FGIC  Corp's credit rating and Standard & Poor's reviewed the ratings  on $529 billion worth of U.S. mortgage-backed securities and  collateralized debt obligations.