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Old 12-23-2001, 09:42 AM   #1
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Moody's cuts United Air Lines, Continental rtgs

Moody's cuts United Air Lines, Continental rtgs

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NEW YORK, Dec 21 (Reuters) - Moody's Investors Services late Friday cut its credit ratings on United Air Lines and Continental Airlines, pushing them deeper into junk territory, citing a drop in business following the Sept. 11 attacks and a deteriorating outlook for earnings.

``Weakness in industry's earnings was evident before September 11th, but was significantly exacerbated by the specific implications of the terrorist attacks,'' the rating agency said.
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Old 12-23-2001, 09:42 AM   #2
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Moody's cuts United Air Lines, Continental rtgs

Moody's cuts United Air Lines, Continental rtgs

Quote:
NEW YORK, Dec 21 (Reuters) - Moody's Investors Services late Friday cut its credit ratings on United Air Lines and Continental Airlines, pushing them deeper into junk territory, citing a drop in business following the Sept. 11 attacks and a deteriorating outlook for earnings.

``Weakness in industry's earnings was evident before September 11th, but was significantly exacerbated by the specific implications of the terrorist attacks,'' the rating agency said.
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