NEW YORK (S&P Global Ratings) Nov. 30, 2016--S&P Global Ratings today assigned its 'BB+' issue-level rating and '1' recovery rating to American Airlines Inc.'s $1 billion seven-year term loan B due 2023. The '1' recovery rating indicates our expectation for very high (90%-100%) recovery in a default scenario. Our 'BB+' issue-level ratings and '1' recovery ratings on American Airlines' various other term loans and credit facilities remain unchanged. The '1' recovery ratings indicate our expectation for very high (90%-100%) recovery in a default scenario. Additionally, our 'BB-' issue-level ratings and '4' recovery ratings on the senior unsecured debt of American's parent, American Airlines Group Inc., remain unchanged. The '4' recovery ratings indicate our expectation for average (30%-50%; lower half of
