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Article: Fitch Places Latin American Airlines On Rating Watch Neg.
- Article from:
- Business Wire
- Article date:
- September 19, 2001
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Business Editors & Analysts
CHICAGO--(BUSINESS WIRE)--Sept. 19, 2001
The tragic events that took place in the United States last week will likely result in sharp declines in air traffic demand over the next several months. Since Latin American airlines derive a significant portion of their revenue stream from international routes to the United States, the credit quality of the Latin American airline industry as a whole is expected to come under pressure over the next several months. As a result, Fitch has placed the corporate ratings of its rated Latin American airline companies on Rating Watch Negative.
The following corporate ratings have been ...