American Airlines' DFW Airport Revenue Bonds Rated 'CCC+' - S&P Global Ratings’ Credit Research

American Airlines' DFW Airport Revenue Bonds Rated 'CCC+'

American Airlines' DFW Airport Revenue Bonds Rated 'CCC+' - S&P Global Ratings’ Credit Research
American Airlines' DFW Airport Revenue Bonds Rated 'CCC+'
Published May 23, 2007
610 words — Published May 23, 2007
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Abstract:

NEW YORK (Standard&Poor's) May 23, 2007--Standard&Poor's Ratings Services today assigned its 'CCC+' rating to American Airlines Inc.'s (B/Positive/--) $125 million Dallas/Fort Worth (DFW) International Airport special facility revenue refunding bonds, series 2007, due 2030. The bonds are guaranteed by American's parent, AMR Corp. (B/Positive/B-2), and are secured by payments made by American to the airport authority. Proceeds are being used to refund the outstanding revenue bonds, series 1992 (rated 'CCC+'), whose rating is withdrawn. "The DFW revenue bonds are the equivalent of unsecured debt of American and parent AMR Corp., and are accordingly rated 'CCC+'," said Standard&Poor's credit analyst Philip Baggaley. "Unsecured debt of American and AMR is rated two notches lower than the

  
Brief Excerpt:

RESEARCH American Airlines' DFW Airport Revenue Bonds Rated '###+' Publication date: 23-May-2007 NEW YORK (Standard & Poor's) May 23, 2007--Standard & Poor's Ratings Services today assigned its '###+' rating to American Airlines Inc.'s...

  
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' DFW Airport Revenue Bonds Rated 'CCC+'" May 23, 2007. Alacra Store. May 13, 2025. <http://www.alacrastore.com/s-and-p-credit-research/American-Airlines-DFW-Airport-Revenue-Bonds-Rated-CCC-580153>
  
APA:
S&P Global Ratings’ Credit Research. (). American Airlines' DFW Airport Revenue Bonds Rated 'CCC+' May 23, 2007. New York, NY: Alacra Store. Retrieved May 13, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/American-Airlines-DFW-Airport-Revenue-Bonds-Rated-CCC-580153>
  
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