BRIEF-Moody's Ratings Downgrades Spirit Airlines' CFR To CAA3 Outlook Changed To Negative

Reuters
Aug 22
BRIEF-Moody's Ratings Downgrades <a href="https://laohu8.com/S/SAVE">Spirit Airlines</a>' CFR To CAA3 Outlook Changed To Negative

Aug 22 (Reuters) - MOODY'S:

  • MOODY'S RATINGS DOWNGRADES SPIRIT AIRLINES' CFR TO CAA3; OUTLOOK CHANGED TO NEGATIVE

  • MOODY'S: SPIRIT AIRLINES DOWNGRADE REFLECTS SPIRIT'S DETERIORATING LIQUIDITY

  • MOODY'S: FORECAST SPIRIT AIRLINES WILL BURN MORE THAN $500 MILLION OF CASH IN 2025

  • MOODY'S: FORECAST $500 MILLION CASH BURN WILL RESULT IN SPIRIT AIRLINES VIOLATING ITS MINIMUM LIQUIDITY COVENANT OF $450 MILLION AS EARLY AS END OF 2025

Source text: ID:nMDY2Tcgd

Further company coverage: FLYY.A

((Reuters.Briefs@thomsonreuters.com;))

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