United Airlines received ratings from Standard & Poor’s and Moody’s, which reflects the company’s restructuring to improve its cost structure and maximize revenue opportunities.Standard & Poor’s issued a B rating with a stable outlook. The company’s exit financing facility was rated B+, with a recovery rating of 1, the highest possible rating. Moody’s rated United a Corporate Family Rating of B2 with a stable outlook.

The company’s exit financing facility received a Corporate Family Rating of B1 and a Speculative Grade Liquidity Risk Assessment rating of 2.

“We believe these ratings validate the work United has done and that the company is well positioned to compete with the strongest carriers, even with the industry’s ongoing high fuel costs challenges,” said Kathryn Mikells, United’s vice president and treasurer.

“As the ratings note, United has vastly improved its cost structure, and with our extensive route system with access to major markets in the U.S., Asia and Europe and strong regional connections with United Express, United is able to generate stronger revenue per seat than its low-cost competitors. We will exit bankruptcy next month, a much stronger airline, with credit ratings that are superior to those of our network peers.”
——-