Originally Posted by
CaptainSlow
I don’t recall saying that Fitch’s stable rating (B-) meant good; that would be BBB. Their rating went from negative outlook to stable over the past two rating periods, which is what I said.
And let’s be clear, dumping on AA is most of what you do on APC. I have no vested interest in AA other than my fellow industry pilots that I want nothing but good for, but it’s nothing short of comical to say you aren’t dumping on AA.
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It’s nothing short of comical to be reassured or try to reassure others by touting a stable B- rating in an era of rising borrowing rates. That rating should reassure no one who understands what the rating means or basic economics. And that applies to ANY bonds with a B- rating, so no, I’m not picking on AA. Nor is BBB “good” per se although it is at least investment grade at that point which is certainly better than B-.
What I posted is reality. I don’t like it any more than you do, but that doesn’t change the reality.