NEW YORK (Standard&Poor's) Sept. 17, 2010--Shareholders of Continental Airlines Inc. and UAL Corp. today approved, as expected, a merger between the companies. Our ratings on both entities (which also include UAL subsidiary United Air Lines Inc.) remain on CreditWatch--with negative implications in the case of Continental, and with positive implications in the case of UAL. Also, our ratings on both airlines' enhanced equipment trust certificates (EETCs) remain on CreditWatch with developing implications. The merger, which we believe has now passed all material preconditions, is scheduled to close Oct. 1, 2010. We plan to resolve our CreditWatch review before that. As we stated previously, we expect our corporate credit ratings on the rated entities, which will be based on
