American Airlines Group Inc. subsidiary American Airlines Inc. will have access to an additional $2 billion on its existing $5.5 billion commitment for a term loan secured by the AAdvantage frequent flyer program and extended by the U.S. Treasury. Because of this potential additional debt, which we treat as a priority claim in modeling a hypothetical bankruptcy scenario, we are lowering our ratings and recovery ratings on certain secured bank facilities, and reducing our rounded estimate of recovery for senior unsecured debt. American Airlines Group disclosed in its third quarter earnings release and regulatory filings that it plans to accelerate the retirement of its A330-200 widebody aircraft as part of a fleet rationalization plan. Because of the increased likelihood that
