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AirTran's credit ratings raised by Moody's, outlook "positive"

23-Dec-2009 10:26 AM

Moody's Investors Service raised its credit rating on AirTran Holdings to ‘Caa1’ and changed the outlook to ‘positive’, reflecting the airline's ability to remain profitable in 2009 (Dow Jones, 22-Dec-2009). Moody’s stated the ratings could be raised further if AirTran increases its liquidity, but could be cut if operating results trail expectations and unrestricted cash falls below certain levels.