Fitch restores Delta's investment-grade rating

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Delta Air Lines Notícia

Fitch Ratings,Credit Rating,Investment Grade

Fitch Ratings on Tuesday upgraded Delta Air Lines' credit rating to investment grade, citing improvements in its balance sheet in the past three years. A...

FILE PHOTO: Delta Air Lines planes are seen at John F. Kennedy International Airport on the July 4th weekend in Queens, New York CityCHICAGO - Fitch Ratings on Tuesday upgraded Delta Air Lines' credit rating to investment grade, citing improvements in its balance sheet in the past three years.

Fitch upgraded Delta to 'BBB-' from 'BB+' with a stable outlook. The carrier also has an investment grade rating from Moody's, but S&P rates it in junk territory.Fitch said Delta's credit metrics have improved considerably after the pandemic as it has reduced its gross debt and operating leases by roughly $11 billion in the past three years.

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