BULLETIN: Judge's Ruling on 9/11 Lawsuits Does Not Affect AMR Corp. Rating - S&P Global Ratings’ Credit Research

BULLETIN: Judge's Ruling on 9/11 Lawsuits Does Not Affect AMR Corp. Rating

BULLETIN: Judge's Ruling on 9/11 Lawsuits Does Not Affect AMR Corp. Rating - S&P Global Ratings’ Credit Research
BULLETIN: Judge's Ruling on 9/11 Lawsuits Does Not Affect AMR Corp. Rating
Published Sep 10, 2003
Published Sep 10, 2003
Price Free  |  Buy this Report Now

About This Report

  
Abstract:

NEW YORK (Standard&Poor's) Sept. 10, 2003--A ruling by a federal judge that allows lawsuits by the families of victims killed at the World Trade Center and Pentagon in the Sept. 11, 2001, attacks to proceed against AMR Corp. and unit American Airlines Inc. (both rated B-/Negative/--) and United Air Lines Inc., as well as other parties, has no implications for Standard&Poor's Ratings Services' ratings or outlooks on the companies. American's and United's potential liability for damages relating to loss of life and property damage at the crash sites was capped at the airlines' then-existing insurance coverage under September 2001 federal airline legislation. Continued litigation will, however, entail some legal costs, management attention, and possibly negative publicity,

  
Report Type:

Bulletin

Ticker
Issuer
GICS
Airlines (20302010)
Sector
Global Issuers , Public Finance , Structured Finance
Country
Region
Format:
HTML HTML
Buy Now

More from S&P Global Ratings’ Credit Research

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.

About the Author


Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "BULLETIN: Judge's Ruling on 9/11 Lawsuits Does Not Affect AMR Corp. Rating" Sep 10, 2003. Alacra Store. May 15, 2025. <http://www.alacrastore.com/s-and-p-credit-research/BULLETIN-Judge-s-Ruling-on-9-11-Lawsuits-Does-Not-Affect-AMR-Corp-Rating-332899>
  
APA:
S&P Global Ratings’ Credit Research. (). BULLETIN: Judge's Ruling on 9/11 Lawsuits Does Not Affect AMR Corp. Rating Sep 10, 2003. New York, NY: Alacra Store. Retrieved May 15, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/BULLETIN-Judge-s-Ruling-on-9-11-Lawsuits-Does-Not-Affect-AMR-Corp-Rating-332899>
  
Free
$  £  
Have a Question?

Any questions about the report you're considering? Our Customer Service Team can help! Or visit our FAQs.

More Research

Search all our Residential Mortgage-Backed Securities from one place.