On Jan. 11, American Airlines affirmed aircraft debt that collateralizes its 13% notes (the 2009-2 notes) and 2011-1 and 2011-2 pass-through certificates. We are raising our rating on the 13% notes to 'B' from 'CCC+'. We are also affirming our 'BBB-' ratings on the 2011-1 and 2011-2 Class A certificates and our 'B+' rating on the 2011-1 Class B certificates. We are removing our ratings on these issues from CreditWatch. Our ratings on the 2001-1 and 2005-1 pass-through certificates of American remain on CreditWatch with developing implications. On Jan. 13, 2012, Standard&Poor's Ratings Services raised its rating on AMR Corp. subsidiary American Airlines Inc.'s (both rated 'D') 13% notes due 2016 (also referred to as 2009-2 notes) to