American Airlines Inc. Series 2013-2 Class A Certificates Assigned 'BBB-' Rating - S&P Global Ratings’ Credit Research

American Airlines Inc. Series 2013-2 Class A Certificates Assigned 'BBB-' Rating

American Airlines Inc. Series 2013-2 Class A Certificates Assigned 'BBB-' Rating - S&P Global Ratings’ Credit Research
American Airlines Inc. Series 2013-2 Class A Certificates Assigned 'BBB-' Rating
Published Jul 30, 2013
2582 words — Published Jul 30, 2013
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Abstract:

NEW YORK (Standard&Poor's) July 30, 2013--Standard&Poor's Ratings Services said today that it assigned its 'BBB-' rating to American Airlines Inc.'s series 2013-2 class A pass-through certificates with an expected maturity of Jan. 15, 2023. The final legal maturity will be 18 months after the expected maturity. The rating is based on: The consolidated credit quality of American and its parent, AMR Corp. (both rated 'D'); Our expectation regarding the likelihood that AMR and American will emerge from bankruptcy; 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 refinance the series 2009-1A pass-through certificates, the 2009-2 secured notes, and the

  
Brief Excerpt:

RESEARCH American Airlines Inc. Series 2013-2 Class A Certificates Assigned '###-' Rating Publication date: 30-Jul-2013 Primary Credit Analyst: Betsy R Snyder, CFA, New York (1) 212-438-7811; betsy.snyder@standardandpoors.com Secondary...

  
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. Series 2013-2 Class A Certificates Assigned 'BBB-' Rating" Jul 30, 2013. Alacra Store. May 14, 2025. <http://www.alacrastore.com/s-and-p-credit-research/American-Airlines-Inc-Series-2013-2-Class-A-Certificates-Assigned-BBB-Rating-1193368>
  
APA:
S&P Global Ratings’ Credit Research. (). American Airlines Inc. Series 2013-2 Class A Certificates Assigned 'BBB-' Rating Jul 30, 2013. New York, NY: Alacra Store. Retrieved May 14, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/American-Airlines-Inc-Series-2013-2-Class-A-Certificates-Assigned-BBB-Rating-1193368>
  
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