Fitch Affirms 2 U.S. Transportation and Aerospace & Defense Companies
Delta Air Lines
--IDR at 'BB';
--Senior secured notes 'BB+/RR1'.
The Rating Outlook is Positive.
Huntington Ingalls Industries
--IDR at 'BB+';
--Senior secured debt 'BBB-/RR1';
--Senior unsecured debt 'BB+/RR4';
The Rating Outlook is Stable.
The assignment of the Recovery Ratings reflects Fitch's 'Recovery Ratings and Notching Criteria for Non-Financial Corporates issuers' (dated Nov. 18, 2014), which allows for the assignment of Recovery Ratings for issuers with IDRs in the 'BB' category.
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