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2014-06-16 16:20:49

SEATTLE, June 16, 2014 /PRNewswire/ -- Fitch Ratings initiated coverage on Alaska Air Group (NYSE: ALK) with a rating of BBB-. Air Group, the parent company of Alaska Airlines and Horizon Air, is one of only two U.S. airline companies to be rated investment grade. "An investment grade credit rating affirms the work we have done to improve our business and strengthen our balance sheet," CFO Brandon Pedersen said. "We were particularly pleased that Fitch recognized our industry-leading...


Word of the Day
penuche
  • A fudgelike confection of brown sugar, cream or milk, and chopped nuts.
'Penuche' is a variant of 'panocha,' a coarse grade of sugar made in Mexico. 'Panocha' probably comes from the Spanish 'panoja, panocha,' ear of grain.
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