NEW YORK (Standard&Poor's) Nov. 29, 2004--Standard&Poor's Ratings Services today assigned its 'B+' bank loan rating and its '1' recovery rating to an $850 million amended and restated senior secured credit facility available to AMR Corp. subsidiary American Airlines Inc. (B-/Stable/--). Terms are preliminary and subject to change. AMR (B-/Stable/--) guarantees the facility. The credit facility consists of a $600 million revolving credit and a $250 million senior secured term loan. "The 'B+' bank loan rating, two notches above the 'B-' corporate credit rating on American, and the '1' recovery rating are supported by substantial overcollateralization of borrowings under the facility, cross collateralization of the secured assets, and a collateral coverage test that should help preserve asset
