Fitch: United Bankruptcy Case May Give Bondholders Security

Shields, Yvette
July 2006
Bond Buyer;7/17/2006, Vol. 357 Issue 32424, p48
Trade Publication
The article discusses a report from Fitch Ratings that cites a federal appellate court decision requiring United Airlines to repay $260 million of tax-exempt debt issued for projects at Denver International Airport. According to Fitch analysts Peter Stettler and Jessica Soltz Rudd, the ruling over the lease dispute between United Airlines and bond trustee HSBC Bank USA provides clarity for enhancing the security of future special facility bonds for the benefit of bondholders.


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