(Bloomberg) -- Standard & Poor's, the international
ratings company, said yesterday it placed the long-term corporate
credit ratings of Japan Airlines Corp. on credit watch with
negative implications, after a report that the carrier asked its
banks to convert some debt into equity.
S&P's B+ rating on the airline, four levels below investment
grade, was reaffirmed.
Read more at Bloomberg Bonds News
ratings company, said yesterday it placed the long-term corporate
credit ratings of Japan Airlines Corp. on credit watch with
negative implications, after a report that the carrier asked its
banks to convert some debt into equity.
S&P's B+ rating on the airline, four levels below investment
grade, was reaffirmed.
Read more at Bloomberg Bonds News
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