Moody's Rates Air Canada's New Secured Notes Ba3
OREANDA-NEWS. Moody's Investors Service, ("Moody's") assigned a Ba3 first lien senior secured rating to Air Canada's proposed C$300 million senior secured notes. Air Canada's B1 corporate family, B1-PD probability of default and SGL-2 speculative grade liquidity ratings remain unchanged. The ratings outlook remains positive.