Home Credit Ratings and Research S&P Global Ratings’ Credit Research American Airlines Group Inc.

Bulletin: AMR, US Airways Merger Agreement Has No Immediate Rating Effect

Published Feb 14, 2013

1016 words — Published Feb 14, 2013

Price Free | Buy this Report Now

About This Report

Abstract:

NEW YORK (Standard&Poor's) Feb. 14, 2013--The merger agreement announced today by AMR Corp. (D/--/--) and US Airways Group Inc. (B-/Positive/--) has no immediate impact on our ratings of either company. We will evaluate the merger (which is subject to regulatory review and other conditions) and how it fits into AMR's plan to emerge from bankruptcy, and we could place ratings on CreditWatch as further details of the merger plan and how it affects AMR's reorganization become available. Our analysis will focus on several aspects: AMR's credit quality when it emerges from bankruptcy, based on changes implemented in Chapter 11; The effect of the proposed merger on the business risk and financial risk profiles of the combined entity; and

Brief Excerpt:

RESEARCH Bulletin: AMR, US Airways Merger Agreement Has No Immediate Rating Effect Publication date: 14-Feb-2013 Primary Credit Analyst: Philip A Baggaley, CFA, New York (1) 212-438-1000; philip_baggaley@standardandpoors.com Secondary...

Report Type:

Bulletin

Ticker

AMR

Issuer

American Airlines Group Inc.

GICS

Airlines (20302010)

Sector

Global Issuers

Country

United States

Region

United States

Format:

HTML

American Airlines Inc.'s 2013-1 Certificates Rated Preliminary 'BBB-' (sf) (Class A), Preliminary 'B+' (sf) (Class B) – 2013/03/05 – US$ 150.00

American Airlines Inc.'s 2013-1 Certificates Rated 'BBB-' (sf) (Class A), 'B+' (sf) (Class B) – 2013/03/11 – US$ 150.00

Summary: AMR Corp. – 2013/04/16 – US$ 225.00

American Airlines Inc.'s 2013-1 Class C Pass-Through Certificates Rated Preliminary 'CCC+ (sf)' – 2013/05/30 – US$ 150.00

American Airlines Inc.'s 2013-1 Class C Pass-Through Certificates Rated 'CCC+ (sf)' – 2013/06/04 – US$ 150.00

Summary: AMR Corp. – 2012/10/12 – US$ 225.00

Bulletin: American Airlines Pilots' Union May Seek Strike Vote; No Rating Impact – 2012/08/23 – Free

American Airlines 2001-1 Pass-Through Certificates Ratings Raised, Off CreditWatch – 2012/02/03 – US$ 150.00

Research Update: American Airlines 2001-1 Pass-Through Certificates Ratings Raised, Off CreditWatch – 2012/02/03 – US$ 225.00

American Airlines 2005-1 Pass-Through Certificate Ratings Affirmed, Off CreditWatch – 2012/01/24 – US$ 150.00

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: AMR, US Airways Merger Agreement Has No Immediate Rating Effect" Feb 14, 2013. Alacra Store. May 08, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Bulletin-AMR-US-Airways-Merger-Agreement-Has-No-Immediate-Rating-Effect-1077747>

APA:	S&P Global Ratings’ Credit Research. (). Bulletin: AMR, US Airways Merger Agreement Has No Immediate Rating Effect Feb 14, 2013. New York, NY: Alacra Store. Retrieved May 08, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Bulletin-AMR-US-Airways-Merger-Agreement-Has-No-Immediate-Rating-Effect-1077747>

Free

$ £ €

Have a Question?

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

Example Report

Click to View Sample Report

More Research

Search all our Credit Research from one place.