Alaska Air's Credit Grade Lowered
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rival Hawaiian HoldingsFortune
•Alaska Air gets credit rating knocked down to junk status
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Moody's Ratings cut Alaska Air Group's credit grade to junk status.
The airline said it plans to issue secured debt to refinance borrowings from its acquisition of Hawaiian Holdings .
Alaska Air agreed to buy rival Hawaiian Holdings for $1.9 billion last year .
Moody's gave Alaska Air’s planned secured debt obligations a rating of Baa2.
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