Delta Air Lines, Inc. -- Moody's upgrades Delta Air Lines: CFR to Ba2, outlook positive

New York, June 23, 2015 -- Moody's Investors Service upgraded most of its ratings of Delta Air Lines, Inc. ("Delta"), including the Corporate Family Rating to Ba2 from Ba3, Senior Secured rating assigned to corporate obligations to Baa3 from Ba1 (LGD2), Senior Unsecured to Ba3 (LGD4) from B1 (LGD5) and most of the Enhanced Equipment Trust Certificate ("EETC") ratings. Moody's also upgraded the rating on the company's privately-placed term loan secured by five Airbus A330 aircraft to Baa2 from Baa3 and affirmed the SGL-1 Speculative Grade Liquidity Rating. The rating outlook is positive.

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