Research Update: American Airlines 2005-1 Pass-Thru Certs Class G Rated Preliminary 'AAA' - S&P Global Ratings’ Credit Research

Research Update: American Airlines 2005-1 Pass-Thru Certs Class G Rated Preliminary 'AAA'

Research Update: American Airlines 2005-1 Pass-Thru Certs Class G Rated Preliminary 'AAA' - S&P Global Ratings’ Credit Research
Research Update: American Airlines 2005-1 Pass-Thru Certs Class G Rated Preliminary 'AAA'
Published Sep 20, 2005
Published Sep 20, 2005
Price US$ 225.00  |  Buy this Report Now

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Abstract:

On Sept. 20, 2005, Standard&Poor's Ratings Services assigned its preliminary 'AAA' rating to American Airlines Inc.'s (B-/Stable/--) $85.7 million Class G pass-through certificates, series 2005-1, and its preliminary 'BB-' rating to the $46.4 million Class B pass-through certificates, series 2005-1. The expected maturity for both classes of certificates is seven years after the closing and the final legal maturity will be 18 months after the expected maturity. Both issues are being placed privately under Rule 144A. Final ratings will be assigned upon the conclusion of a legal review of the documentation. The preliminary rating on the Class G certificates is based on an insurance policy provided by Financial Guaranty Insurance Co. (FGIC; AAA/Stable/--). The certificates are secured indirectly

  
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: American Airlines 2005-1 Pass-Thru Certs Class G Rated Preliminary 'AAA'" Sep 20, 2005. Alacra Store. May 13, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Research-Update-American-Airlines-2005-1-Pass-Thru-Certs-Class-G-Rated-Preliminary-AAA-464202>
  
APA:
S&P Global Ratings’ Credit Research. (). Research Update: American Airlines 2005-1 Pass-Thru Certs Class G Rated Preliminary 'AAA' Sep 20, 2005. New York, NY: Alacra Store. Retrieved May 13, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Research-Update-American-Airlines-2005-1-Pass-Thru-Certs-Class-G-Rated-Preliminary-AAA-464202>
  
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