Research Update: Continental Airlines Inc. Sr. Unsec'd Debt Rtgs Cut To 'CCC+' (Recov. Rtg. '6') On Declining Aircraft Values; CCR Affrmd - S&P Global Ratings’ Credit Research

Research Update: Continental Airlines Inc. Sr. Unsec'd Debt Rtgs Cut To 'CCC+' (Recov. Rtg. '6') On Declining Aircraft Values; CCR Affrmd

Research Update: Continental Airlines Inc. Sr. Unsec'd Debt Rtgs Cut To 'CCC+' (Recov. Rtg. '6') On Declining Aircraft Values; CCR Affrmd - S&P Global Ratings’ Credit Research
Research Update: Continental Airlines Inc. Sr. Unsec'd Debt Rtgs Cut To 'CCC+' (Recov. Rtg. '6') On Declining Aircraft Values; CCR Affrmd
Published Sep 02, 2009
2179 words — Published Sep 02, 2009
Price US$ 225.00  |  Buy this Report Now

About This Report

  
Abstract:

Continental Airlines' revenues have declined, but earnings have benefited, to some extent, from a decline in fuel prices, and liquidity remains adequate. We are lowering all our senior unsecured debt ratings to 'CCC+' from 'B-', and revising the recovery ratings to '6' from '5'. We are affirming our 'B' corporate credit rating and our secured debt ratings on Continental. The outlook is negative. On Sept. 2, 2009, Standard&Poor's Ratings Services lowered its issue-level ratings on all senior unsecured debt on Continental Airlines Inc. to 'CCC+' from 'B-' and revised the recovery ratings on certain unsecured debt issues, excluding industrial revenue bonds, to '6' from '5'. At the same time, we affirmed our 'B' corporate credit rating and secured

  
Brief Excerpt:

RESEARCH Research Update: Continental Airlines Inc. Sr. Unsec'd Debt Rtgs Cut To '###+' (Recov. Rtg. '6') On Declining Aircraft Values; CCR Affrmd Publication date: 02-Sep-2009 Primary Credit Analyst: Betsy R Snyder, CFA, New York...

  
Report Type:

Research Update

Ticker
CAL
Issuer
United Airlines Inc.
GICS
Airlines (20302010)
Sector
Global Issuers , Structured Finance
Country
United States
Region
United States
Format:
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Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "Research Update: Continental Airlines Inc. Sr. Unsec'd Debt Rtgs Cut To 'CCC+' (Recov. Rtg. '6') On Declining Aircraft Values; CCR Affrmd" Sep 02, 2009. Alacra Store. May 23, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Research-Update-Continental-Airlines-Inc-Sr-Unsec-d-Debt-Rtgs-Cut-To-CCC-Recov-Rtg-6-On-Declining-Aircraft-Values-CCR-Affrmd-744382>
  
APA:
S&P Global Ratings’ Credit Research. (). Research Update: Continental Airlines Inc. Sr. Unsec'd Debt Rtgs Cut To 'CCC+' (Recov. Rtg. '6') On Declining Aircraft Values; CCR Affrmd Sep 02, 2009. New York, NY: Alacra Store. Retrieved May 23, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Research-Update-Continental-Airlines-Inc-Sr-Unsec-d-Debt-Rtgs-Cut-To-CCC-Recov-Rtg-6-On-Declining-Aircraft-Values-CCR-Affrmd-744382>
  
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