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.
Fitch, however, said it expects Delta to remain among the most profitable airlines, citing a pickup in corporate travel bookings and sustained demand for premium travel.Looking for TSX stocks that could soar in the second half of 2024? Here are three high quality stocks set for long-term compounding gains. The post Bull Market: 3 TSX Stocks Set to Soar in 2024 appeared first on The Motley Fool Canada.
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