AMR And American Airlines Downgraded To 'D' On Bankruptcy Filing; Issue Ratings Also Lowered - S&P Global Ratings’ Credit Research

AMR And American Airlines Downgraded To 'D' On Bankruptcy Filing; Issue Ratings Also Lowered

AMR And American Airlines Downgraded To 'D' On Bankruptcy Filing; Issue Ratings Also Lowered - S&P Global Ratings’ Credit Research
AMR And American Airlines Downgraded To 'D' On Bankruptcy Filing; Issue Ratings Also Lowered
Published Nov 29, 2011
Published Nov 29, 2011
Price US$ 150.00  |  Buy this Report Now

About This Report

  
Abstract:

AMR Corp. and its American Airlines Inc. subsidiary filed for Chapter 11 bankruptcy this morning after negotiations with American's unions failed to secure cost-saving contracts management had sought. We are lowering our ratings, including the corporate credit ratings on both entities to 'D' from 'CCC+', and removing those ratings from CreditWatch, where we placed them with negative implications Nov. 17, 2011. We expect that AMR and American will be able to reorganize in Chapter 11 and emerge as a somewhat smaller airline with more competitive labor costs and a lighter debt load. NEW YORK (Standard&Poor's) Nov. 29, 2011--Standard&Poor's Ratings Services said today that it lowered its ratings on AMR Corp. and American Airlines Inc., including the

  
Report Type:

Ratings Action

Ticker
Issuer
GICS
Airlines (20302010)
Sector
Global Issuers , Public Finance , Structured Finance
Country
Region
Format:
HTML HTML
Buy Now

S&P Global Ratings’ Credit Research—S&P Global Ratings’ credit research provides analysis on issuers and debt obligations of corporations, states and municipalities, financial institutions, insurance companies and sovereign governments. S&P Global Ratings 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.

About the Author


Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "AMR And American Airlines Downgraded To 'D' On Bankruptcy Filing; Issue Ratings Also Lowered" Nov 29, 2011. Alacra Store. Jun 04, 2020. <http://www.alacrastore.com/s-and-p-credit-research/AMR-And-American-Airlines-Downgraded-To-D-On-Bankruptcy-Filing-Issue-Ratings-Also-Lowered-917697>
  
APA:
S&P Global Ratings’ Credit Research. (). AMR And American Airlines Downgraded To 'D' On Bankruptcy Filing; Issue Ratings Also Lowered Nov 29, 2011. New York, NY: Alacra Store. Retrieved Jun 04, 2020 from <http://www.alacrastore.com/s-and-p-credit-research/AMR-And-American-Airlines-Downgraded-To-D-On-Bankruptcy-Filing-Issue-Ratings-Also-Lowered-917697>
  
US$ 150.00
$  £  
Have a Question?

Any questions about the report you're considering? Our Customer Service Team can help! Or visit our FAQs.

More Research

Search all our Residential Mortgage-Backed Securities from one place.