Bulletin: Rating On United Airlines Inc.'s Airport Special Facility Revenue Bonds Issued By The City Of Houston Remains Unchanged

NEW YORK (S&P Global Ratings) Jan. 30, 2018--S&P Global Ratings said today that its 'BB-' issue-level rating on United Airlines Inc.'s City of Houston airport special revenue bonds (United Airlines Inc. technical operations center project) series 2018 and (United Airlines Inc. airport improvement projects) series 2018C remain unchanged. United originally planned to offer these bonds in November 2017 (when we assigned our 'BB-' issue-level rating to the then series 2017 and series 2017C bonds), though the offering was eventually delayed. The company plans to use the proceeds from these bonds to finance new facilities, and repair and improve some of its existing facilities, at George Bush Intercontinental Airport. The bonds rely on lease payments from United Airlines Inc. to the

...NEW YORK (S&P Global Ratings) Jan. 30, 2018--S&P Global Ratings said today that its '##-' issue-level rating on United Airlines Inc.'s City of Houston airport special revenue bonds (United Airlines Inc. technical operations center project) series 2018 and (United Airlines Inc. airport improvement projects) series 2018C remain unchanged. United originally planned to offer these bonds in November 2017 (when we assigned our '##-' issue-level rating to the then series 2017 and series 2017C bonds), though the offering was eventually delayed. The company plans to use the proceeds from these bonds to finance new facilities, and repair and improve some of its existing facilities, at George Bush Intercontinental Airport. The bonds rely on lease payments from United Airlines Inc. to the City of Houston. The bonds are secured by the payments from United and the bond payments are guaranteed by United. The bonds are not secured by the facilities or by United's leasehold interest in the facilities and...

Bulletin