Research Update: AMR And American Airlines Ratings Lowered, On Watch Negative Following Setback In Labor Negotiations - S&P Global Ratings’ Credit Research

Research Update: AMR And American Airlines Ratings Lowered, On Watch Negative Following Setback In Labor Negotiations

Research Update: AMR And American Airlines Ratings Lowered, On Watch Negative Following Setback In Labor Negotiations - S&P Global Ratings’ Credit Research
Research Update: AMR And American Airlines Ratings Lowered, On Watch Negative Following Setback In Labor Negotiations
Published Nov 17, 2011
Published Nov 17, 2011
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About This Report

  
Abstract:

The American Airlines Inc. pilots' union leadership's rejection of a contract proposal made public by management is a setback in American's long-running contract negotiations. AMR Corp., American's parent company, has reported heavy losses this year and underperformed its peers. Although cash liquidity is currently satisfactory, we believe that this will decline with further losses and heavy debt maturities through the slow winter season. We are lowering ratings on AMR and American, including the corporate credit ratings to 'CCC+' from 'B-', and placing ratings on CreditWatch with negative implications. (Listen to the related podcast titled, "AMR And American Airlines: Labor, Losses, And Standard&Poor?s Downgrade," dated Nov. 18, 2011.) On Nov. 17, 2011, Standard&Poor's Ratings Services lowered its

  
Report Type:

Research Update

Ticker
Issuer
GICS
Airlines (20302010)
Sector
Global Issuers , Public Finance , Structured Finance
Country
Region
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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 And American Airlines Ratings Lowered, On Watch Negative Following Setback In Labor Negotiations" Nov 17, 2011. Alacra Store. Mar 28, 2024. <http://www.alacrastore.com/s-and-p-credit-research/Research-Update-AMR-And-American-Airlines-Ratings-Lowered-On-Watch-Negative-Following-Setback-In-Labor-Negotiations-916209>
  
APA:
S&P Global Ratings’ Credit Research. (). Research Update: AMR And American Airlines Ratings Lowered, On Watch Negative Following Setback In Labor Negotiations Nov 17, 2011. New York, NY: Alacra Store. Retrieved Mar 28, 2024 from <http://www.alacrastore.com/s-and-p-credit-research/Research-Update-AMR-And-American-Airlines-Ratings-Lowered-On-Watch-Negative-Following-Setback-In-Labor-Negotiations-916209>
  
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