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NEW YORK (AP) - The surging price of fuel has injected a note of uncertainty in Standard & Poor's review of struggling Delta Air Lines Inc.'s credit quality.
The rating agency Friday changed the implications of its review to "developing" from "positive." A review with a positive stance indicates that the airline's debt ratings could be upgraded, while a "developing" stance indicates greater uncertainty as to the future direction of the ratings.
Delta's current corporate credit rating is double-C, the lowest possible rating for a company that is not in default.
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