AMR Ratings Affirmed by S&P, Outlook Still Positive - S&P Global Ratings’ Credit Research

AMR Ratings Affirmed by S&P, Outlook Still Positive

AMR Ratings Affirmed by S&P, Outlook Still Positive - S&P Global Ratings’ Credit Research
AMR Ratings Affirmed by S&P, Outlook Still Positive
Published Aug 09, 1996
Published Aug 09, 1996
Price US$ 150.00  |  Buy this Report Now

About This Report

  
Abstract:

NY -- Standard&Poor's CreditWire 8/9/96 -- Standard&Poor's today has affirmed its ratings of AMR Corp. and unit American Airlines Inc. (see table below), following AMR's announcement that it plans to sell 20% of its computerized reservation system unit, The SABRE Group, in an initial public offering (IPO). The rating outlook remains positive. About $6.7 billion of securities is affected. The SABRE Group earned a pretax profit of $195 million, on revenues of $838 million (over a third from affiliate American Airlines) in the first half of 1996. While the revenues are less than 10% of AMR's consolidated total, pretax income represents a material portion of the $745 million reported by AMR in that period. An eventual

  
Report Type:

Ratings Action

Ticker
Issuer
GICS
Airlines (20302010)
Sector
Global Issuers , Public Finance , Structured Finance
Country
Region
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Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "AMR Ratings Affirmed by S&P, Outlook Still Positive" Aug 09, 1996. Alacra Store. May 17, 2025. <http://www.alacrastore.com/s-and-p-credit-research/AMR-Ratings-Affirmed-by-S-P-Outlook-Still-Positive-77991>
  
APA:
S&P Global Ratings’ Credit Research. (). AMR Ratings Affirmed by S&P, Outlook Still Positive Aug 09, 1996. New York, NY: Alacra Store. Retrieved May 17, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/AMR-Ratings-Affirmed-by-S-P-Outlook-Still-Positive-77991>
  
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