Research Update: AMR Corp. Outlook Revised To Negative From Positive, Short-Term Rating Lowered To 'B-3' - S&P Global Ratings’ Credit Research

Research Update: AMR Corp. Outlook Revised To Negative From Positive, Short-Term Rating Lowered To 'B-3'

Research Update: AMR Corp. Outlook Revised To Negative From Positive, Short-Term Rating Lowered To 'B-3' - S&P Global Ratings’ Credit Research
Research Update: AMR Corp. Outlook Revised To Negative From Positive, Short-Term Rating Lowered To 'B-3'
Published Mar 24, 2008
1456 words — Published Mar 24, 2008
Price US$ 225.00  |  Buy this Report Now

About This Report

  
Abstract:

On March 24, 2008, Standard&Poor's Ratings Services revised its outlook on the long-term ratings on AMR Corp. (B/Negative/B-3) and subsidiary American Airlines Inc. (B/Negative/--) to negative from positive. We also lowered our short-term rating on AMR to 'B-3' from 'B-2' and affirmed all other ratings on AMR and American. The outlook revision and short-term rating downgrade are based on the expected impact of much higher jet fuel prices and a weakening U.S. economy, which we believe will cause AMR to report a loss this year. AMR's earnings, cash flow, and credit protection measures are likely to be materially lower in 2008 than last year, though the company continues to have adequate liquidity, and projects $4.4 billion of unrestricted

  
Brief Excerpt:

RESEARCH Research Update: AMR Corp. Outlook Revised To Negative From Positive, Short-Term Rating Lowered To 'B-3' Publication date: 24-Mar-2008 Primary Credit Analyst: Philip Baggaley, CFA, New York (1) 212-438-7683; philip_baggaley@standardandpoors.com...

  
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 HTML
Buy Now

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.

About the Author


Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "Research Update: AMR Corp. Outlook Revised To Negative From Positive, Short-Term Rating Lowered To 'B-3'" Mar 24, 2008. Alacra Store. May 13, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Research-Update-AMR-Corp-Outlook-Revised-To-Negative-From-Positive-Short-Term-Rating-Lowered-To-B-3-638344>
  
APA:
S&P Global Ratings’ Credit Research. (). Research Update: AMR Corp. Outlook Revised To Negative From Positive, Short-Term Rating Lowered To 'B-3' Mar 24, 2008. New York, NY: Alacra Store. Retrieved May 13, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Research-Update-AMR-Corp-Outlook-Revised-To-Negative-From-Positive-Short-Term-Rating-Lowered-To-B-3-638344>
  
US$ 225.00
$  £  €
Have a Question?

Any questions about the report you're considering? Our Customer Service Team can help! Or visit our FAQs.

More Research

Search all our Residential Mortgage-Backed Securities from one place.