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Moody's Ratings has upgraded Delta Air Lines' credit rating, citing the airline's strong performance and financial outlook. This marks the third upgrade for Delta in eight months, reflecting its efforts to enhance its balance sheet and financial stability.
During the pandemic, Moody's was the only agency to maintain an investment-grade rating for Delta. S&P Global Ratings and Fitch Ratings have since followed suit, all rating Delta's credit as investment grade.
Delta CFO Dan Janki expressed satisfaction with the upgrade: "It’s gratifying to have Delta’s credit raised a notch above investment grade, as we work to make our 100th year the best in our history." He credited this achievement to the team's efforts in reducing debt and strengthening their financial foundation.
