Research Update: American Airlines 2009-1A Certificates Rating Affirmed At 'BBB-', Off Watch - S&P Global Ratings’ Credit Research

Research Update: American Airlines 2009-1A Certificates Rating Affirmed At 'BBB-', Off Watch

Research Update: American Airlines 2009-1A Certificates Rating Affirmed At 'BBB-', Off Watch - S&P Global Ratings’ Credit Research
Research Update: American Airlines 2009-1A Certificates Rating Affirmed At 'BBB-', Off Watch
Published Jan 09, 2012
1235 words — Published Jan 09, 2012
Price US$ 225.00  |  Buy this Report Now

About This Report

  
Abstract:

American Airlines on Dec. 23, 2011, affirmed aircraft debt that collateralizes its 2009-1 Class A pass-through certificates. We are affirming our 'BBB-' rating on the certificates and removing the rating from CreditWatch. Our ratings on other pass-through certificates of American remain on CreditWatch with developing implications. On Jan. 9, 2012, Standard&Poor's Ratings Services affirmed its 'BBB-' rating on AMR Corp. (D/--) subsidiary American Airlines Inc.'s 2009-1A pass-through certificates. We removed the rating from CreditWatch, where we had placed it on Nov. 17, 2011. We are not surprised by American's affirmation, under Section 1110a of the U.S. Bankruptcy Code, of the aircraft debt that collateralizes the 2009-1 pass-through certificates (enhanced equipment trust certificates). The planes these certificates financed are

  
Brief Excerpt:

RESEARCH Research Update: American Airlines 2009-1A Certificates Rating Affirmed At '###-', Off Watch Publication date: 09-Jan-2012 Primary Credit Analyst: Philip Baggaley, New York (1) 212-438-7683; philip_baggaley@standardandpoors.com...

  
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 2009-1A Certificates Rating Affirmed At 'BBB-', Off Watch" Jan 09, 2012. Alacra Store. May 03, 2024. <http://www.alacrastore.com/s-and-p-credit-research/Research-Update-American-Airlines-2009-1A-Certificates-Rating-Affirmed-At-BBB-Off-Watch-928645>
  
APA:
S&P Global Ratings’ Credit Research. (). Research Update: American Airlines 2009-1A Certificates Rating Affirmed At 'BBB-', Off Watch Jan 09, 2012. New York, NY: Alacra Store. Retrieved May 03, 2024 from <http://www.alacrastore.com/s-and-p-credit-research/Research-Update-American-Airlines-2009-1A-Certificates-Rating-Affirmed-At-BBB-Off-Watch-928645>
  
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