NEW YORK (Standard & Poor's CreditWire) Oct. 13, 2000ù Standard & Poor's today lowered its ratings on Sabre Holding Corp. (see list below) and removed them from CreditWatch, where they were placed on August 28, 2000. The current outlook is stable. The downgrade is due to the company's October 2000 acquisition of GetThere Inc. The transaction will result in a substantially increased financial burden for Sabre, following the $757 million cash acquisition (the net cash outlay will be lower, due to $105 million of cash held by GetThere and the exercise of options and warrants upon the acquisition). GetThere, a competitor on-line travel platform for corporate customers, currently has negative earnings and cash flow, but Sabre expects to realize significant
