Moody’s Investors Service has upgraded Delta Air Line’s debt rating to investment-grade. Moody’s senior credit officer Jonathan Root said in a statement the upgrade is based off of the airline’s work over the past several years to pay down its debt, and expectation that it will continue to do so. “The upgrade of the senior unsecured rating to Baa3 is based on the expectation of continued debt reduction, building on the significant de-leveraging of the balance ...

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