OVERVIEW American Airlines Inc. is arranging a $1.55 billion debtor-in-possession (DIP) term loan as part of a credit facility that it intends to convert to bankruptcy-emergence financing, which will also include a $1 billion revolving credit facility at that time. The term loan is secured by American's international routes, gates, and takeoff/landing slots related to its flights 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. NEW YORK (Standard&Poor's) July 30, 2013--Standard&Poor's Ratings Services today assigned its 'BB-' rating to Fort Worth, Texas-based American Airlines Inc.'s $1.55 billion debtor-in-possession (DIP) term loan. The corporate credit rating on American and its
