By Rajesh Kumar Singh CHICAGO (Reuters) – Fitch Ratings on Tuesday upgraded Delta Air Lines’ credit rating to investment grade, citing improvements in its balance sheet in the past three years. The Atlanta-based carrier’s rating was cut to junk during the pandemic when a slump in air travel brought the industry to its knees. A
(Bloomberg) — Fitch Ratings raised Delta Air Lines Inc. out of junk territory, making the carrier a so-called rising star with a second investment-grade rating. Most Read from Bloomberg Delta was upgraded a notch to BBB- on Tuesday, with Fitch saying the carrier’s credit metrics “improved considerably after the pandemic.” It reduced gross debt and
(Bloomberg) — A plan by Indonesian builder PT Lippo Karawaci to repurchase its dollar bonds will be in focus on Monday as elevated borrowing costs squeeze the finances of developers in Asia. Most Read from Bloomberg Its unit Theta Capital Pte. Ltd. is buying back as much as $432 million of bonds via a tender
(Bloomberg) — China’s home sales slump dragged on in March, signaling a much-hoped turnaround for the sector isn’t in sight yet. Most Read from Bloomberg The value of new home sales from the 100 biggest real estate companies slid about 46% from a year earlier to 358 billion yuan ($49.6 billion), following a 60% decline