NEW YORK (Standard&Poor's) March 21, 2012--Standard&Poor's Ratings Services said today that it has assigned its 'A-' rating to Continental Airlines Inc.'s series 2012-1 Class A pass-through certificates with an expected maturity of April 11, 2024, and its 'BBB-' rating to Continental's series 2012-1 Class B pass-through certificates with an expected maturity of April 11, 2020. The final legal maturities will be 18 months after the expected maturity. Continental is issuing the certificates under a Rule 415 shelf registration. We assigned preliminary ratings on March 8, 2012. The 'A-' and 'BBB-' ratings are based on the consolidated credit quality of Continental's parent, United Continental Holdings Inc. (B/Stable/--); substantial collateral coverage by good-quality aircraft; and the legal and
