American Airlines' Proposed Class A Secured Notes Rated Preliminary 'BBB-' - S&P Global Ratings’ Credit Research

American Airlines' Proposed Class A Secured Notes Rated Preliminary 'BBB-'

American Airlines' Proposed Class A Secured Notes Rated Preliminary 'BBB-' - S&P Global Ratings’ Credit Research
American Airlines' Proposed Class A Secured Notes Rated Preliminary 'BBB-'
Published Jan 29, 2004
Published Jan 29, 2004
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Abstract:

NEW YORK (Standard&Poor's) Jan. 29, 2004--Standard&Poor's Ratings Services said today it assigned its preliminary 'BBB-' rating to American Airlines Inc.'s (B-/Stable/--) proposed $180.5 million Class A secured notes due 2009. In addition, a preliminary 'B' rating is assigned to the proposed $53.5 million Class B secured notes due 2009. The final scheduled payment date for both classes of notes is February 2009, and the final legal maturity February 2011. Final ratings will be assigned upon completion of the review of legal documentation. "The rating on the Class A notes is based the credit of American Airlines, the strategic importance to American of aircraft spare parts that collateralize the notes in any bankruptcy reorganization, and various structural

  
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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Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "American Airlines' Proposed Class A Secured Notes Rated Preliminary 'BBB-'" Jan 29, 2004. Alacra Store. May 13, 2025. <http://www.alacrastore.com/s-and-p-credit-research/American-Airlines-Proposed-Class-A-Secured-Notes-Rated-Preliminary-BBB-356795>
  
APA:
S&P Global Ratings’ Credit Research. (). American Airlines' Proposed Class A Secured Notes Rated Preliminary 'BBB-' Jan 29, 2004. New York, NY: Alacra Store. Retrieved May 13, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/American-Airlines-Proposed-Class-A-Secured-Notes-Rated-Preliminary-BBB-356795>
  
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