NEW YORK (Standard&Poor's) Sept. 22, 2009--Standard&Poor's Ratings Services today assigned its 'CCC+' issue-level rating and '5' recovery rating to AMR Corp.'s $250 million senior convertible notes due 2014. In addition, we placed the rating on CreditWatch with negative implications, and will review it in conjunction with our resolution of the CreditWatch listing on AMR. We could lower the ratings if we lower the corporate credit rating on AMR, or if we lower our recovery rating on the senior unsecured debt. We placed our ratings on AMR and subsidiary American Airlines Inc. on CreditWatch with negative implications on July 22, 2009, due to liquidity concerns. AMR will use the proceeds from the notes offering for general corporate
