American Airlines Group Inc. Senior Unsecured Notes Rated 'B'; Recovery Rating '5' - S&P Global Ratings’ Credit Research

American Airlines Group Inc. Senior Unsecured Notes Rated 'B'; Recovery Rating '5'

American Airlines Group Inc. Senior Unsecured Notes Rated 'B'; Recovery Rating '5' - S&P Global Ratings’ Credit Research
American Airlines Group Inc. Senior Unsecured Notes Rated 'B'; Recovery Rating '5'
Published Feb 26, 2015
3 pages (1003 words) — Published Feb 26, 2015
Price US$ 150.00  |  Buy this Report Now

About This Report

  
Abstract:

NEW YORK (Standard&Poor's) Feb. 26, 2015--Standard&Poor's Ratings Services today assigned its 'B' issue rating and '5' recovery rating to American Airlines Group Inc.'s (B+/Positive/--) senior unsecured notes due 2020. The '5' recovery rating indicates our expectation of "modest" (10%-30%) recovery in a simulated default scenario. Direct subsidiaries American Airlines Inc. and US Airways Group Inc. and indirect subsidiary US Airways Inc. all guarantee the notes. We raised our ratings on American Airlines Group Inc. and its subsidiaries on Nov. 26, 2013, based on improving earnings and cash flow generation. The outlook is positive. We could raise ratings further if funds from operations to debt exceeds 25% and free operating cash flow to debt exceeds 10% on

  
Brief Excerpt:

...NEW YORK (Standard & Poor's) Feb. 26, 2015--Standard & Poor's Ratings Services today assigned its 'B' issue rating and '5' recovery rating to American Airlines Group Inc.'s (B+/Positive/--) senior unsecured notes due 2020. The '5' recovery rating indicates our expectation of "modest" (10%-30%) recovery in a simulated default scenario. Direct subsidiaries American Airlines Inc. and US Airways Group Inc. and indirect subsidiary US Airways Inc. all guarantee the notes. We raised our ratings on American Airlines Group Inc. and its subsidiaries on Nov. 26, 2013, based on improving earnings and cash flow generation. The outlook is positive. We could raise ratings further if funds from operations to debt exceeds 25% and free operating cash flow to debt exceeds 10% on a consistent basis. RELATED CRITERIA AND RESEARCH Related Criteria + Key Credit Factors For The Transportation Cyclical Industry, Feb. 12, 2014 + Corporate Methodology, Nov. 19, 2013 + Criteria Guidelines For Recovery Ratings On Global...

  
Report Type:

Ratings Action

Ticker
AMR
Issuer
American Airlines Group Inc.
GICS
Airlines (20302010)
Sector
Global Issuers
Country
United States
Region
United States
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MLA:
S&P Global Ratings’ Credit Research. "American Airlines Group Inc. Senior Unsecured Notes Rated 'B'; Recovery Rating '5'" Feb 26, 2015. Alacra Store. May 06, 2025. <http://www.alacrastore.com/s-and-p-credit-research/American-Airlines-Group-Inc-Senior-Unsecured-Notes-Rated-B-Recovery-Rating-5-1386095>
  
APA:
S&P Global Ratings’ Credit Research. (). American Airlines Group Inc. Senior Unsecured Notes Rated 'B'; Recovery Rating '5' Feb 26, 2015. New York, NY: Alacra Store. Retrieved May 06, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/American-Airlines-Group-Inc-Senior-Unsecured-Notes-Rated-B-Recovery-Rating-5-1386095>
  
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