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Continental Airlines Inc.'s 2012-3C Certificates Rated 'B+'(sf)

Published Dec 26, 2012

1681 words — Published Dec 26, 2012

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Abstract:

NEW YORK (Standard&Poor's) Dec. 26, 2012--Standard&Poor's Ratings Services said today that it has assigned its 'B+'(sf) rating to Continental Airlines Inc.'s $425 million series 2012-3 Class C pass-through certificates with an expected maturity of April 29, 2018. Continental is issuing the certificates under a Rule 415 shelf registration. We assigned preliminary ratings on Dec. 12, 2012. The 2012-3 Class C (2012-3C) pass-through certificates will be serviced by cash flows from new Series C notes secured by each of the aircraft financed by Continental's 2012-1 and 2012-2 pass-through certificates. Thus, the 2012-3C certificates rank junior to the existing Class A and Class B certificates of the 2012-1 and 2012-2 transactions. The 2012-3C certificates will not have a

Brief Excerpt:

RESEARCH Continental Airlines Inc.'s 2012-3C Certificates Rated 'B+'(sf) Publication date: 26-Dec-2012 Primary Credit Analyst: Philip A Baggaley, CFA, New York (1) 212-438-1000; philip_baggaley@standardandpoors.com Secondary Contact:...

Report Type:

Ratings Action

Ticker

CAL

Issuer

United Airlines Inc.

GICS

Airlines (20302010)

Sector

Global Issuers , Structured Finance

Country

United States

Region

United States

Format:

HTML

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MLA:	S&P Global Ratings’ Credit Research. "Continental Airlines Inc.'s 2012-3C Certificates Rated 'B+'(sf)" Dec 26, 2012. Alacra Store. May 22, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Continental-Airlines-Inc-s-2012-3C-Certificates-Rated-B-sf-1055794>

APA:	S&P Global Ratings’ Credit Research. (). Continental Airlines Inc.'s 2012-3C Certificates Rated 'B+'(sf) Dec 26, 2012. New York, NY: Alacra Store. Retrieved May 22, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Continental-Airlines-Inc-s-2012-3C-Certificates-Rated-B-sf-1055794>

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