Moody's Assigns Ba3 Rating To UAL Convertible Debentures
Moody's assigned a Ba3 rating to $600 million of convertible subordinated debentures issued by United parent UAL Corp. The debentures, which mature in 2025, are being issued in exchange for the company's Series A convertible preferred stock, which are rated "ba3." The Ba3 rating is at the high end...
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