American Airlines Inc. Class C Pass-Through Certificates Assigned Preliminary 'B+ (sf)' Rating - S&P Global Ratings’ Credit Research

American Airlines Inc. Class C Pass-Through Certificates Assigned Preliminary 'B+ (sf)' Rating

American Airlines Inc. Class C Pass-Through Certificates Assigned Preliminary 'B+ (sf)' Rating - S&P Global Ratings’ Credit Research
American Airlines Inc. Class C Pass-Through Certificates Assigned Preliminary 'B+ (sf)' Rating
Published Dec 13, 2013
Published Dec 13, 2013
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Abstract:

NEW YORK (Standard&Poor's) Dec. 13, 2013--Standard&Poor's Ratings Services today said it has assigned its preliminary 'B+ (sf)' rating to American Airlines Inc.'s series 2013-2 Class C pass-through certificates with an expected maturity of Jan. 15, 2017. The preliminary rating is based on: The consolidated credit quality of American and its parent, American Airlines Group Inc. (both rated 'B'); The substantial collateral coverage by good-quality aircraft; and The legal and structural protections available to the pass-through certificates. The company will use the offering proceeds to acquire additional equipment notes, together with the previously issued Class A equipment notes issued July 31, 2012, and Class B equipment notes issued Nov. 21, 2013, to refinance the series 2009-1A pass-through

  
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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Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "American Airlines Inc. Class C Pass-Through Certificates Assigned Preliminary 'B+ (sf)' Rating" Dec 13, 2013. Alacra Store. May 14, 2025. <http://www.alacrastore.com/s-and-p-credit-research/American-Airlines-Inc-Class-C-Pass-Through-Certificates-Assigned-Preliminary-B-sf-Rating-1227556>
  
APA:
S&P Global Ratings’ Credit Research. (). American Airlines Inc. Class C Pass-Through Certificates Assigned Preliminary 'B+ (sf)' Rating Dec 13, 2013. New York, NY: Alacra Store. Retrieved May 14, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/American-Airlines-Inc-Class-C-Pass-Through-Certificates-Assigned-Preliminary-B-sf-Rating-1227556>
  
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