American Airlines Inc.'s 2013-1 Class C Pass-Through Certificates Rated 'CCC+ (sf)' - S&P Global Ratings’ Credit Research

American Airlines Inc.'s 2013-1 Class C Pass-Through Certificates Rated 'CCC+ (sf)'

American Airlines Inc.'s 2013-1 Class C Pass-Through Certificates Rated 'CCC+ (sf)' - S&P Global Ratings’ Credit Research
American Airlines Inc.'s 2013-1 Class C Pass-Through Certificates Rated 'CCC+ (sf)'
Published Jun 04, 2013
Published Jun 04, 2013
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Abstract:

NEW YORK (Standard&Poor's) June 4, 2013--Standard&Poor's Ratings Services said today that it has assigned its 'CCC+ (sf)' rating to American Airlines Inc.'s series 2013-1 Class C pass-through certificates due July 15, 2018. The certificates are subordinated to the 2013-1 Class A and Class B certificates that we rated March 11, 2013. The ratings are based on: The consolidated credit quality of American and its parent, AMR Corp. (both rated 'D'); Our expectations regarding AMR's and American's likelihood of emerging from bankruptcy; Our expectations regarding American's likelihood of continuing to service the aircraft notes that secure the various 2013-1 certificates; Collateral coverage by good-quality aircraft; and The legal and structural protections available to the pass-through certificates. The

  
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.'s 2013-1 Class C Pass-Through Certificates Rated 'CCC+ (sf)'" Jun 04, 2013. Alacra Store. May 07, 2025. <http://www.alacrastore.com/s-and-p-credit-research/American-Airlines-Inc-s-2013-1-Class-C-Pass-Through-Certificates-Rated-CCC-sf-1141048>
  
APA:
S&P Global Ratings’ Credit Research. (). American Airlines Inc.'s 2013-1 Class C Pass-Through Certificates Rated 'CCC+ (sf)' Jun 04, 2013. New York, NY: Alacra Store. Retrieved May 07, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/American-Airlines-Inc-s-2013-1-Class-C-Pass-Through-Certificates-Rated-CCC-sf-1141048>
  
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