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S&P Credit Research1458 word report
published Mar 24, 2008
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S&P Credit Research
| Abstract: | On March 24, 2008, Standard&Poor's Ratings Services revised its outlook on the long-term ratings on AMR Corp. (B/Negative/B-3) and subsidiary American Airlines Inc. (B/Negative/--) to negative from positive. We also lowered our short-term rating on AMR to 'B-3' from 'B-2' and affirmed all other ratings on AMR and American. The outlook revision and short-term rating downgrade are based on the expected impact of much higher jet fuel prices and a weakening U.S. economy, which we believe will cause AMR to report a loss this year. AMR's earnings, cash flow, and credit protection measures are likely to be materially lower in 2008 than last year, though the company continues to have adequate liquidity, and projects $4.4 billion of unrestricted
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| Brief Excerpt: | RESEARCH Ratings Definitions Research Update: AMR Corp. Outlook Revised To Negative From Positive, Short-Term Rating Lowered To 'B-3' Publication date: 24-Mar-2008 Primary Credit Analyst: Philip Baggaley, CFA, New York (1) 212-438-7683;...
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| Report Type: | Research Update
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| Ticker: | AMR
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| Issuer: | AMR Corp.
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| GICS: | Airlines (20302010)
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| Sector: | Global Issuers, Public Finance, Structured Finance
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| Country: | United States
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| Region: | United States
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| Free Sample: |
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S&P Credit Research provides analysis on issuers and debt obligations of corporations, states and municipalities, financial institutions, insurance companies and sovereign governments. S&P also offers insight into the credit risk of structured finance deals, providing an independent view of credit risk associated with a growing array of debt-securitized instruments.
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- AMR Corp. $400.00
Satisfactory liquidity, with $4.1 billion of unrestricted cash and short-term investments as of Sept. 30, 2009; and Second-largest U.S. airline, with substantial market positions in the domestic market, U.S.-U.K. routes, and U.S.-Latin America ...
- Summary: AMR Corp. $175.00
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- Research Update: AMR Corp. And Sub Ratings Are Affirmed, Off Watch On Improved Operating Performance; Outlook Negative $175.00
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- Bulletin: AMR Corp. Announces New Borrowings, Ratings Remain On CreditWatch Negative $100.00
NEW YORK (Standard&Poor's) Sept. 17, 2009--AMR Corp. announced today several substantial financing transactions that should bolster its cash liquidity. Standard&Poor's Ratings Services' ratings on AMR Corp. (B-/Watch Neg/--) and subsidiary ...
- AMR, American Airlines Ratings Placed On Watch Neg Re Liquidity, Revenue Concerns $100.00
--AMR Corp. and its American Airlines Inc. subsidiary, like other U.S. airlines, face weak passenger demand, which resulted in a $390 million second quarter net loss (including about $70 million of nonrecurring charges). --AMR Corp. had $2.8 ...
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AMR Corp. and its American Airlines Inc. subsidiary, like other U.S. airlines, face weak passenger demand, which resulted in a $390 million second quarter net loss (including about $70 million of nonrecurring charges). AMR Corp. had $2.8 billion ...
