American Airlines 13% Notes Rating Raised To 'B', 2011-1 And 2011-2 Certificate Ratings Affirmed; All Off CreditWatch - S&P Global Ratings’ Credit Research

American Airlines 13% Notes Rating Raised To 'B', 2011-1 And 2011-2 Certificate Ratings Affirmed; All Off CreditWatch

American Airlines 13% Notes Rating Raised To 'B', 2011-1 And 2011-2 Certificate Ratings Affirmed; All Off CreditWatch - S&P Global Ratings’ Credit Research
American Airlines 13% Notes Rating Raised To 'B', 2011-1 And 2011-2 Certificate Ratings Affirmed; All Off CreditWatch
Published Jan 13, 2012
1147 words — Published Jan 13, 2012
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Abstract:

On Jan. 11, American Airlines affirmed aircraft debt that collateralizes its 13% notes (the 2009-2 notes) and 2011-1 and 2011-2 pass-through certificates. We are raising our rating on the 13% notes to 'B' from 'CCC+'. We are also affirming our 'BBB-' ratings on the 2011-1 and 2011-2 Class A certificates and our 'B+' rating on the 2011-1 Class B certificates. We are removing our ratings on these issues from CreditWatch. Our ratings on the 2001-1 and 2005-1 pass-through certificates of American remain on CreditWatch with developing implications. NEW YORK (Standard&Poor's) Jan. 13, 2012--Standard&Poor's Ratings Services said today that it raised its rating on AMR Corp. subsidiary American Airlines Inc.'s (both rated 'D') 13% notes due 2016

  
Brief Excerpt:

RESEARCH American Airlines 13% Notes Rating Raised To 'B', 2011-1 And 2011-2 Certificate Ratings Affirmed; All Off CreditWatch Publication date: 13-Jan-2012 Primary Credit Analyst: Philip Baggaley, New York (1) 212-438-7683; philip_baggaley@standardandp...

  
Report Type:

Ratings Action

Ticker
Issuer
GICS
Airlines (20302010)
Sector
Global Issuers
Country
Region
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MLA:
S&P Global Ratings’ Credit Research. "American Airlines 13% Notes Rating Raised To 'B', 2011-1 And 2011-2 Certificate Ratings Affirmed; All Off CreditWatch" Jan 13, 2012. Alacra Store. May 03, 2024. <http://www.alacrastore.com/s-and-p-credit-research/American-Airlines-13-Notes-Rating-Raised-To-B-2011-1-And-2011-2-Certificate-Ratings-Affirmed-All-Off-CreditWatch-930677>
  
APA:
S&P Global Ratings’ Credit Research. (). American Airlines 13% Notes Rating Raised To 'B', 2011-1 And 2011-2 Certificate Ratings Affirmed; All Off CreditWatch Jan 13, 2012. New York, NY: Alacra Store. Retrieved May 03, 2024 from <http://www.alacrastore.com/s-and-p-credit-research/American-Airlines-13-Notes-Rating-Raised-To-B-2011-1-And-2011-2-Certificate-Ratings-Affirmed-All-Off-CreditWatch-930677>
  
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