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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