American Airlines Inc. DIP Loan Rated Point-In-Time 'BB-' - S&P Global Ratings’ Credit Research

American Airlines Inc. DIP Loan Rated Point-In-Time 'BB-'

American Airlines Inc. DIP Loan Rated Point-In-Time 'BB-' - S&P Global Ratings’ Credit Research
American Airlines Inc. DIP Loan Rated Point-In-Time 'BB-'
Published Jun 06, 2013
2045 words — Published Jun 06, 2013
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Abstract:

American Airlines Inc. is arranging a $1.5 billion of debtor-in-possession (DIP) term loan as part of a credit facility that is intended to convert to bankruptcy emergence financing and also include at that time a $1 billion revolving credit facility. The term loan is secured by American's international routes, gates, and takeoff/landing slots related to flying to South America. We are assigning a 'BB-' point-in-time rating to American's DIP term loan. Our rating does not apply to the emergence credit facilities, only the DIP term loan. NEW YORK (Standard&Poor's) June 6, 2013--Standard&Poor's Ratings Services assigned its 'BB-' point-in-time rating to Fort Worth, Texas-based American Airlines Inc.'s $1.5 billion debtor-in-possession term loan. The corporate credit ratings on

  
Brief Excerpt:

RESEARCH American Airlines Inc. DIP Loan Rated Point-In-Time '##-' Publication date: 06-Jun-2013 Primary Credit Analyst: Philip A Baggaley, CFA, New York (1) 212-438-7683; philip.baggaley@standardandpoors.com Secondary Contact: Millie...

  
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 Inc. DIP Loan Rated Point-In-Time 'BB-'" Jun 06, 2013. Alacra Store. May 07, 2025. <http://www.alacrastore.com/s-and-p-credit-research/American-Airlines-Inc-DIP-Loan-Rated-Point-In-Time-BB-1141775>
  
APA:
S&P Global Ratings’ Credit Research. (). American Airlines Inc. DIP Loan Rated Point-In-Time 'BB-' Jun 06, 2013. New York, NY: Alacra Store. Retrieved May 07, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/American-Airlines-Inc-DIP-Loan-Rated-Point-In-Time-BB-1141775>
  
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