Finance

S&P downgrades Spirit Airlines to 'CCC'

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S&P downgrades Spirit Airlines to 'CCC'

S&P Global Ratings has downgraded to 'CCC' from 'CCC+' as the company struggles with its debt and liquidity position. S&P said: ""In our view, recent events indicate a rising probability of a restructuring that we consider tantamount to a distressed exchange in the next 12 months. Spirit's ...

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