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Research Update: AMR, American Airlines Downgraded Due To Projected Heavy Losses

Published Jul 25, 2008

Price US$ 225.00 | Buy this Report Now

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Abstract:

On July 25, 2008, Standard&Poor's Ratings Services lowered its ratings on AMR Corp. (B-/Negative/B-3) and subsidiary American Airlines Inc. (B-/Negative/--), including lowering the long-term corporate credit ratings on both entities to 'B-' from 'B', and removed the ratings from CreditWatch, where they had been placed with negative implications May 22, 2008. The outlook is negative. We affirmed the 'B-3' short-term rating on AMR and removed the rating from CreditWatch. The downgrade reflects expected heavy losses and negative operating cash flow caused by record high fuel prices. We also lowered ratings on most enhanced equipment trust certificates of American, in some cases by more than one notch (see list below). Ratings on airport revenue bonds that we consider equivalent

Report Type:

Research Update

Ticker

AMR

Issuer

American Airlines Group Inc.

GICS

Airlines (20302010)

Sector

Global Issuers , Public Finance , Structured Finance

Country

United States

Region

United States

Format:

HTML

AMR Corp. – 2008/09/29 – US$ 500.00

Summary: AMR Corp. – 2008/09/29 – US$ 225.00

Summary: AMR Corp. – 2009/03/30 – US$ 225.00

AMR, American Airlines Ratings Placed On Watch Neg Re Liquidity, Revenue Concerns – 2009/07/22 – US$ 150.00

Research Update: Ratings On AMR, American Airlines Sub Placed On Watch Negative On Revenue And Liquidity Concerns – 2009/07/22 – US$ 225.00

AMR, American Airlines Downgraded Due To Projected Heavy Losses – 2008/07/25 – US$ 150.00

Ratings On U.S. Airlines Placed On CreditWatch Negative; Fuel Prices Cited – 2008/05/22 – US$ 150.00

Research Update: AMR And American Airlines Ratings On CreditWatch Negative Due To High Fuel Prices – 2008/05/22 – US$ 225.00

Summary: AMR Corp. – 2008/05/21 – US$ 225.00

Bulletin: American Airlines' Cancellations Not Expected To Have Ratings Impact – 2008/04/10 – Free

More from S&P Global Ratings’ Credit Research

S&P Global Ratings’ Credit Research—S&P Global Ratings’ credit research provides analysis on issuers and debt obligations of corporations, states and municipalities, financial institutions, insurance companies and sovereign governments. S&P Global Ratings also offers insight into the credit risk of structured finance deals, providing an independent view of credit risk associated with a growing array of debt-securitized instruments.

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Cite this Report


MLA:	S&P Global Ratings’ Credit Research. "Research Update: AMR, American Airlines Downgraded Due To Projected Heavy Losses" Jul 25, 2008. Alacra Store. May 13, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Research-Update-AMR-American-Airlines-Downgraded-Due-To-Projected-Heavy-Losses-661565>

APA:	S&P Global Ratings’ Credit Research. (). Research Update: AMR, American Airlines Downgraded Due To Projected Heavy Losses Jul 25, 2008. New York, NY: Alacra Store. Retrieved May 13, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Research-Update-AMR-American-Airlines-Downgraded-Due-To-Projected-Heavy-Losses-661565>

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