American Airlines Inc.'s Series 2019-1 Class AA, A, And B Pass-Through Certificates Assigned Preliminary Ratings - S&P Global Ratings’ Credit Research

American Airlines Inc.'s Series 2019-1 Class AA, A, And B Pass-Through Certificates Assigned Preliminary Ratings

American Airlines Inc.'s Series 2019-1 Class AA, A, And B Pass-Through Certificates Assigned Preliminary Ratings - S&P Global Ratings’ Credit Research
American Airlines Inc.'s Series 2019-1 Class AA, A, And B Pass-Through Certificates Assigned Preliminary Ratings
Published Aug 01, 2019
6 pages (3207 words) — Published Aug 01, 2019
Price US$ 150.00  |  Buy this Report Now

About This Report

  
Abstract:

NEW YORK (S&P Global Ratings) Aug. 1, 2019--S&P Global Ratings today assigned its preliminary 'AA (sf)' issue-level rating to American Airlines Inc.'s series 2019-1 Class AA pass-through enhanced equipment trust certificates (EETCs). At the same time, we assigned our preliminary 'A (sf)' issue-level rating to the company's series 2019-1 Class A pass-through EETCs. In addition, we assigned our preliminary 'BBB- (sf)' issue-level rating to its series 2019-1 Class B pass-through EETCs. American Airlines Inc. is planning to finance 14 new aircraft and refinance 21 existing aircraft with approximately $579 million of Class AA, approximately $289 million of Class A, and approximately $228 million of Class B 2019-1 EETCs. These issues have expected final distribution dates of Feb. 15, 2032 (Class

  
Brief Excerpt:

...August 1, 2019 NEW YORK (S&P Global Ratings) Aug. 1, 2019--S&P Global Ratings today assigned its preliminary '## (sf)' issue-level rating to American Airlines Inc.'s series 2019-1 Class ## pass-through enhanced equipment trust certificates (EETCs). At the same time, we assigned our preliminary 'A (sf)' issue-level rating to the company's series 2019-1 Class A pass-through EETCs. In addition, we assigned our preliminary '###- (sf)' issue-level rating to its series 2019-1 Class B pass-through EETCs. American Airlines Inc. is planning to finance 14 new aircraft and refinance 21 existing aircraft with approximately $579 million of Class ##, approximately $289 million of Class A, and approximately $228 million of Class B 2019-1 EETCs. These issues have expected final distribution dates of Feb. 15, 2032 (Class ## and Class A) and Feb. 15, 2028 (Class B), with legal final maturities occurring 18 months later. The transaction will be backed by seven new Airbus A321neo and seven new Embraer E175LR...

  
Report Type:

Ratings Action

Ticker
Issuer
GICS
Airlines (20302010)
Sector
Global Issuers , Public Finance , Structured Finance
Country
Region
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Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "American Airlines Inc.'s Series 2019-1 Class AA, A, And B Pass-Through Certificates Assigned Preliminary Ratings" Aug 01, 2019. Alacra Store. May 15, 2025. <http://www.alacrastore.com/s-and-p-credit-research/American-Airlines-Inc-s-Series-2019-1-Class-AA-A-And-B-Pass-Through-Certificates-Assigned-Preliminary-Ratings-2275982>
  
APA:
S&P Global Ratings’ Credit Research. (). American Airlines Inc.'s Series 2019-1 Class AA, A, And B Pass-Through Certificates Assigned Preliminary Ratings Aug 01, 2019. New York, NY: Alacra Store. Retrieved May 15, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/American-Airlines-Inc-s-Series-2019-1-Class-AA-A-And-B-Pass-Through-Certificates-Assigned-Preliminary-Ratings-2275982>
  
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