| Title: | Research Update: AMR Corp. Outlook Revised To Negative From Positive, Short-Term Rating Lowered To 'B-3' |
| Price: | $175.00 |
| Publication Date: | Mar 24, 2008 |
| Report Type: | Research Update |
| 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 |
| Brief Excerpt: | RESEARCH Ratings Definitions Research Update: AMR Corp. Outlook Revised To Negative From Positive, Short-Term Rating Lowered To '###' Publication date: ##-Mar-#### Primary Credit Analyst: Philip Baggaley, CFA, New York (#) ###-###-####;... |
| Word Count: | 1458 |
| Ticker: | AMR |
| Issuer: | AMR Corp. |
| GICS: | Airlines (20302010) |
| Sector: | Global Issuers, Structured Finance, Public Finance, Financial Institutions, Corporations, Residential MBS, Transportation |
| Country: | United States |
| Region: | United States |
| Format: | 
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