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If those bonds are rated junk by all four ratings agencies, the European Central Bank no longer accepts them.
The industry is carrying more than $100 billion in debt with bond ratings for nine of the 10 biggest carriers rated "junk". The airlines said they wanted relief from security taxes and fees and other government mandates they said have cost them $4 billion in lost revenue since the attacks.
GM's boss, Dan Akerson, hopes to persuade credit-rating agencies to restore the firm to "investment grade" in 2013 it has been rated "junk" since 2005.
Valencia's bonds are rated junk.
Both are rated junk — Ca1 from Moody's.
It was already rated junk by Fitch.
Similar(39)
In the United States, the study noted, almost two-thirds of non-financial debt is rated as junk or one notch above junk.
They are now rated as junk.
Its debt is rated as junk.
Its bonds are in danger of being rated as junk, the rating agencies say.
Tesco's debt is now rated as junk by Moody's.
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