Investors in several Delta Airlines Inc. EETC and ETC transactions were successful in securing an additional rating from Fitch Ratings on several classes in five separate transactions, the rating agency announced last week.

The rating agency had not supplied ratings on any of the recently rated classes at issuance, and all of the affected classes did carry a dual rating from Moody's Investors Service and Standard & Poor's at the outset. The ratings on these transactions have fallen quite a bit, both because of downgrades of Delta and separate downgrades as part of industry wide reviews of EETCs, said an analyst at S&P.

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