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Article: S&P Afms Rtgs on Northwest Airlines & Unit; Outlk Pos.
- Article from:
- Business Wire
- Article date:
- July 31, 1998
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NEW YORK--(BUSINESS WIRE)--July 31, 1998--Standard & Poor's CreditWire 7/31/98 - Standard & Poor's today affirmed its double-'B' corporate credit and bank loan ratings on Northwest Airlines Corp.
Standard & Poor's also affirmed its double-'B' corporate credit and senior debt ratings on subsidiary Northwest Airlines Inc. and its triple-'B'-minus rating on the company's equipment trust certificates. Northwest Airlines Inc.'s senior debt is guaranteed by Northwest Airlines Corp.
The outlook is positive.
Northwest Airlines Inc. and its pilots' union entered a 30-day countdown to a possible strike on or after Aug. 29, 1998, after contract negotiations ...