--We are lowering the ratings on Sabre Holdings Corp. in accordance with our criteria for distressed debt redemptions. --We are lowering the corporate credit rating to 'SD' (selective default) and the rating on the company's senior notes due 2011, based on the repurchase of this debt that met our criteria for a distressed debt redemption. NEW YORK (Standard&Poor's) June 16, 2009--Standard&Poor's Ratings Services said today that it lowered its ratings on travel distributor Sabre Holdings Corp., specifically the long-term corporate credit rating to 'SD' (selective default) from 'B', and the issue-level rating on the company's senior notes due 2011 to 'D' from 'CCC+'. "The rating actions reflect the company's open market purchases of $76 million of
