Bulletin: American Airlines Inc. 'BB+' Secured Term Loan Rating Unaffected By Repricing - S&P Global Ratings’ Credit Research

Bulletin: American Airlines Inc. 'BB+' Secured Term Loan Rating Unaffected By Repricing

Bulletin: American Airlines Inc. 'BB+' Secured Term Loan Rating Unaffected By Repricing - S&P Global Ratings’ Credit Research
Bulletin: American Airlines Inc. 'BB+' Secured Term Loan Rating Unaffected By Repricing
Published Nov 15, 2017
2 pages (861 words) — Published Nov 15, 2017
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Abstract:

NEW YORK (S&P Global Ratings) Nov. 15, 2017--S&P Global Ratings said today that its 'BB+' issue-level rating and '1' recovery rating on American Airlines Inc.'s $1.25 billion secured term loan due 2023 are unaffected by the company's recent amendment to reduce the facility's pricing. The loan is secured by takeoff and landing slots at Ronald Reagan Washington National Airport and New York's LaGuardia Airport and certain other assets.

  
Brief Excerpt:

...NEW YORK (S&P Global Ratings) Nov. 15, 2017--S&P Global Ratings said today that its '##+' issue-level rating and '1' recovery rating on American Airlines Inc.'s $1.25 billion secured term loan due 2023 are unaffected by the company's recent amendment to reduce the facility's pricing. The loan is secured by takeoff and landing slots at Ronald Reagan Washington National Airport and New York's LaGuardia Airport and certain other assets. Only a rating committee may determine a rating action and this report does not constitute a rating action....

  
Report Type:

Bulletin

Ticker
AMR1
Issuer
American Airlines Inc.
GICS
Airlines (20302010)
Sector
Global Issuers , Public Finance , Structured Finance
Country
United States
Region
United States
Format:
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Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "Bulletin: American Airlines Inc. 'BB+' Secured Term Loan Rating Unaffected By Repricing" Nov 15, 2017. Alacra Store. May 15, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Bulletin-American-Airlines-Inc-BB-Secured-Term-Loan-Rating-Unaffected-By-Repricing-1949833>
  
APA:
S&P Global Ratings’ Credit Research. (). Bulletin: American Airlines Inc. 'BB+' Secured Term Loan Rating Unaffected By Repricing Nov 15, 2017. New York, NY: Alacra Store. Retrieved May 15, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Bulletin-American-Airlines-Inc-BB-Secured-Term-Loan-Rating-Unaffected-By-Repricing-1949833>
  
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