American Airlines Inc. Senior Secured Revolving Credit And Term Loan B Rated 'BB-' (Recovery Rating: 1) - S&P Global Ratings’ Credit Research

American Airlines Inc. Senior Secured Revolving Credit And Term Loan B Rated 'BB-' (Recovery Rating: 1)

American Airlines Inc. Senior Secured Revolving Credit And Term Loan B Rated 'BB-' (Recovery Rating: 1) - S&P Global Ratings’ Credit Research
American Airlines Inc. Senior Secured Revolving Credit And Term Loan B Rated 'BB-' (Recovery Rating: 1)
Published Sep 24, 2014
Published Sep 24, 2014
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Abstract:

NEW YORK (Standard&Poor's) Sept. 24, 2014--Standard&Poor's Ratings Services today assigned its 'BB-' issue-level rating and '1' recovery rating to American Airlines Inc.'s new $400 million senior secured revolving credit facility due 2019 and $750 million term loan B due 2021. The '1' recovery rating indicates our expectation for very high (90%-100%) recovery in a payment default scenario. At the same, the 'BB-' issue-level rating and '1' recovery rating on the upsized and extended $1.4 billion revolving credit facility due 2019 remain unchanged. Also unchanged are our 'B-' issue-level rating and '5' (10%-30% recovery expectation) recovery rating on the senior unsecured debt of parent American Airlines Group Inc. and affiliate US Airways Group Inc. The new revolving

  
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Ratings Action

Ticker
Issuer
GICS
Airlines (20302010)
Sector
Global Issuers , Public Finance , Structured Finance
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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. Senior Secured Revolving Credit And Term Loan B Rated 'BB-' (Recovery Rating: 1)" Sep 24, 2014. Alacra Store. May 06, 2025. <http://www.alacrastore.com/s-and-p-credit-research/American-Airlines-Inc-Senior-Secured-Revolving-Credit-And-Term-Loan-B-Rated-BB-Recovery-Rating-1-1360881>
  
APA:
S&P Global Ratings’ Credit Research. (). American Airlines Inc. Senior Secured Revolving Credit And Term Loan B Rated 'BB-' (Recovery Rating: 1) Sep 24, 2014. New York, NY: Alacra Store. Retrieved May 06, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/American-Airlines-Inc-Senior-Secured-Revolving-Credit-And-Term-Loan-B-Rated-BB-Recovery-Rating-1-1360881>
  
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