NEW YORK (Standard&Poor's) March 27, 2007--Standard&Poor's Ratings Services today assigned its preliminary 'A' rating to Continental Airlines Inc.'s (B/Stable/B-3) series 2007-1 Class A pass-through certificates, its preliminary 'BBB-' rating to the Class B certificates, and its preliminary 'B+' rating to the Class C certificates. The expected maturity for the Class A and Class B certificates is April 19, 2022, and the expected maturity for the Class C is April 19, 2014. The final legal maturities will be 18 months after the expected maturities for the Class A and Class B certificates only. The issues are a drawdown under a Rule 415 shelf registration. Final ratings will be assigned upon conclusion of a legal review of the
