(Source: Fitch Inc) 02 Nov 2015 4:19 PM GMT/UTC Fitch Ratings-Chicago-02 November 2015: Fitch Ratings has assigned a rating of 'BBB+(EXP)' to Southwest Airline's (LUV) proposed $500 million note issuance. The notes will feature a five year tenor and will rank equally with Southwest's existing unsecured debt. The funds will be used for general corporate purposes. Including the new debt issuance, Fitch expects Southwest's total adjusted debt/EBITDAR to be approximately 1.8x at year end 2015, which is consistent with the company's 'BBB+' rating, and is among the lowest of any airline globally. Fitch continues to expect Southwest's total leverage to remain stable or trend slightly lower over the...
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