AMR Corp., the parent company of American Airlines Inc., and U.S. travel technology company Sabre Holdings Corp. has settled their dispute and renewed their current distribution agreement for multiple years. As part of the settlement, Sabre will make a monetary payment to AMR. We are affirming all ratings on the company, including our 'B' corporate credit rating. We are also revising our rating outlook to stable from positive based on our view that the time frame for a potential upgrade is further out than we originally anticipated. Our stable outlook reflects our expectation that Sabre's credit measures will gradually improve in 2013, notwithstanding costs related to the pending AMR settlement. CHICAGO (Standard&Poor's) Dec. 6, 2012--Standard&Poor's Ratings
