LONDON (Thomson Financial) - Fitch said its ratings on United Airines and its UAL Corp parent are unaffected by Friday's announcement that United Airlines intends to pay out a special cash distribution of 250 mln usd to shareholders while reducing its outstanding term loan balance by 500 mln usd.
Fitch's issuer default rating on both UAL and United is 'B-', and the secured credit facility is rated 'BB-'. The rating outlook for both UAL and United is 'positive.' tf.TFN-Europe_newsdesk@thomson.com vs COPYRIGHT Copyright Thomson Financial News Limited 2007. All rights reserved. The copying, republication or redistribution of Thomson Financial News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Financial News.