Northwest Airlines, Inc. -- Moody's upgrades Delta Air Lines; CFR to B1, outlook stable

New York, June 27, 2013 -- Moody's Investors Service raised its debt ratings of Delta Air Lines, Inc. ("Delta"): Corporate Family to B1 from B2, Probability of Default to B1-PD from B2-PD, Senior Secured to Ba1 from Ba2 and senior unsecured to B2 from B3. Moody's raised by one notch its ratings assigned to all of the company's Enhanced Equipment Trust Certificates ("EETCs") except the B-tranche of Series 2010-2 issued by Delta and the G-tranche of Series 2000-1 originally issued by Northwest Airlines, Inc.. The ratings on these two EETC tranches were affirmed as was the SGL-2 Speculative Grade Liquidity rating. The outlook is stable.

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