Moody’s Investor Service upgraded $2.2 billion in debt held by United Airlines’ parent UAL Corp., and said it may raise the rating again after United closes its merger with Continental Airlines.
“The upgrade of the ratings recognized the strengthening of liquidity and credit metrics that has occurred since the beginning of 2010,” said Moody’s analyst Jonathan Root of the decision to rate United’s debt to B3 from Caa1. Get the full story »
