American Airlines Inc.'s $276.4 Mil. Secured Notes Are Rated 'B+' - S&P Global Ratings’ Credit Research

American Airlines Inc.'s $276.4 Mil. Secured Notes Are Rated 'B+'

American Airlines Inc.'s $276.4 Mil. Secured Notes Are Rated 'B+' - S&P Global Ratings’ Credit Research
American Airlines Inc.'s $276.4 Mil. Secured Notes Are Rated 'B+'
Published Dec 17, 2009
Published Dec 17, 2009
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Abstract:

NEW YORK (Standard&Poor's) Dec. 17, 2009--Standard&Poor's Ratings Services today said that it assigned its 'B+' rating to Ft. Worth, Texas-based American Airlines Inc.'s $276.4 million aircraft-backed secured 2009-2 secured notes maturing Aug. 1, 2016. American issued the notes on July 31, 2009 in an unrated private placement transaction, and they are now being registered. We base the 'B+' rating primarily on American's credit quality, and satisfactory collateral coverage by desirable aircraft. American used the proceeds of the notes to refinance 12 Boeing aircraft originally financed by the 1999-1 pass-through certificates (EETCs), which had final distributions on Oct. 15, 2009. The 12 aircraft consist of nine Boeing 737-800s, one Boeing 767-300ER, and two Boeing 777-200ERs. The notes

  
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 $276.4 Mil. Secured Notes Are Rated 'B+'" Dec 17, 2009. Alacra Store. May 14, 2025. <http://www.alacrastore.com/s-and-p-credit-research/American-Airlines-Inc-s-276-4-Mil-Secured-Notes-Are-Rated-B-764649>
  
APA:
S&P Global Ratings’ Credit Research. (). American Airlines Inc.'s $276.4 Mil. Secured Notes Are Rated 'B+' Dec 17, 2009. New York, NY: Alacra Store. Retrieved May 14, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/American-Airlines-Inc-s-276-4-Mil-Secured-Notes-Are-Rated-B-764649>
  
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