Fitch downgrades United Airlines IDR to ‘B+’

    Fitch Ratings downgraded (29-Mar-2021) United Airlines‘ Issuer Default Rating (IDR) to ‘B+’ from ‘BB-‘ and revised the outlook to stable. The pace of air traffic recovery combined with pressure on the balance sheet “will make it difficult for United to achieve credit metrics that support the ‘BB-‘ rating before 2023,” says the company, prompting the one-notch downgrade to ‘B+’. [more – original PR]

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