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Fitch downgrades JetBlue on fuel costs, revenue outlook

SAN FRANCISCO (MarketWatch) — Fitch Ratings on Wednesday downgraded the issuer default rating of JetBlue Airways Corp. to B- from B because of higher fuel costs and a weakened revenue outlook. Fitch also lowered JetBlue senior unsecured convertible note rating to CCC-/RR6 from CCC/RR6. The rating outlook is negative, Fitch said. The ratings cover about $425 million in outstanding debt.
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Original post by Forextvblog

This entry was posted on Wednesday, May 14th, 2008 at 10:54 am and is filed under Daily Forex Analysis. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.