American Airlines' $773 Mil. Amended, Restated Credit Facility Rated 'B+', Recovery Rtg '1' - S&P Global Ratings’ Credit Research

American Airlines' $773 Mil. Amended, Restated Credit Facility Rated 'B+', Recovery Rtg '1'

American Airlines' $773 Mil. Amended, Restated Credit Facility Rated 'B+', Recovery Rtg '1' - S&P Global Ratings’ Credit Research
American Airlines' $773 Mil. Amended, Restated Credit Facility Rated 'B+', Recovery Rtg '1'
Published Mar 29, 2006
731 words — Published Mar 29, 2006
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Abstract:

NEW YORK (Standard&Poor's) March 29, 2006--Standard&Poor's Ratings Services today assigned its 'B+' bank loan rating and its '1' recovery rating to a $773 million amended and restated senior secured credit facility dated as of March 27, 2006, available to AMR Corp. subsidiary American Airlines Inc. (B-/Stable/--). AMR (B-/Stable/B-3) guarantees the facility. The credit facility amends an existing bank facility (which has the same bank loan and recovery ratings) to revise pricing, allocation of credit between the revolving credit facility ($325 million) and senior secured term loan ($448 million), and the cash flow coverage covenant. "American's credit facility is rated 'B+', two notches above the corporate credit rating, with a recovery rating of '1', indicating the expectation

  
Brief Excerpt:

RESEARCH American Airlines' $773 Mil. Amended, Restated Credit Facility Rated 'B+', Recovery Rtg '1' Publication date: 29-Mar-2006 NEW YORK (Standard & Poor's) March 29, 2006--Standard & Poor's Ratings Services today assigned its 'B+'...

  
Report Type:

Ratings Action

Ticker
Issuer
GICS
Airlines (20302010)
Sector
Global Issuers , Public Finance , Structured Finance
Country
Region
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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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MLA:
S&P Global Ratings’ Credit Research. "American Airlines' $773 Mil. Amended, Restated Credit Facility Rated 'B+', Recovery Rtg '1'" Mar 29, 2006. Alacra Store. May 13, 2025. <http://www.alacrastore.com/s-and-p-credit-research/American-Airlines-773-Mil-Amended-Restated-Credit-Facility-Rated-B-Recovery-Rtg-1-500476>
  
APA:
S&P Global Ratings’ Credit Research. (). American Airlines' $773 Mil. Amended, Restated Credit Facility Rated 'B+', Recovery Rtg '1' Mar 29, 2006. New York, NY: Alacra Store. Retrieved May 13, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/American-Airlines-773-Mil-Amended-Restated-Credit-Facility-Rated-B-Recovery-Rtg-1-500476>
  
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