Delta Joins High Yield Bond Party as Coronavirus Batters Airline Industry
April 28, 2020 at 10:51 AM EDT
Delta Air Lines joined the high yield bond party amid a challenging environment with less travel due to the coronavirus pandemic. The move comes after S&P downgraded Delta debt two notches to BB from BBB-, while Fitch assigned the new bond a BB+ rating. Despite the downgrade, some market...