AMR, American Airlines Downgraded Due To Projected Heavy Losses - S&P Global Ratings’ Credit Research

AMR, American Airlines Downgraded Due To Projected Heavy Losses

AMR, American Airlines Downgraded Due To Projected Heavy Losses - S&P Global Ratings’ Credit Research
AMR, American Airlines Downgraded Due To Projected Heavy Losses
Published Jul 25, 2008
Published Jul 25, 2008
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About This Report

  
Abstract:

NEW YORK (Standard&Poor's) July 25, 2008--Standard&Poor's Ratings Services today lowered its ratings on AMR Corp. (B-/Negative/B-3) and subsidiary American Airlines Inc. (B-/Negative/--), including lowering the long-term corporate credit ratings on both entities to 'B-' from 'B', and removed the ratings from CreditWatch, where they had been placed with negative implications May 22, 2008. The outlook is negative. We affirmed the 'B-3' short-term rating on AMR and removed the rating from CreditWatch. A teleconference will be held today at 11:30 a.m. U.S. EDT to discuss these and related actions. Dial-in information is included at the end of this release. The downgrade reflects expected heavy losses and negative operating cash flow caused by record high fuel prices. We

  
Report Type:

Ratings Action

Ticker
AMR
Issuer
American Airlines Group Inc.
GICS
Airlines (20302010)
Sector
Global Issuers , Public Finance , Structured Finance
Country
United States
Region
United States
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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.

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Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "AMR, American Airlines Downgraded Due To Projected Heavy Losses" Jul 25, 2008. Alacra Store. May 13, 2025. <http://www.alacrastore.com/s-and-p-credit-research/AMR-American-Airlines-Downgraded-Due-To-Projected-Heavy-Losses-661563>
  
APA:
S&P Global Ratings’ Credit Research. (). AMR, American Airlines Downgraded Due To Projected Heavy Losses Jul 25, 2008. New York, NY: Alacra Store. Retrieved May 13, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/AMR-American-Airlines-Downgraded-Due-To-Projected-Heavy-Losses-661563>
  
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