...May 29, 2019 NEW YORK (S&P Global Ratings) May 29, 2019--S&P Global Ratings today revised its issue-level ratings on selected enhanced equipment trust certificates (EETCs) of United Airlines Inc. to reflect changes in our view of the likelihood that the airline would agree to continue paying on these obligations in a hypothetical future bankruptcy or changes in collateral coverage of the certificates. We raised our rating on the series 2000-1 Class B certificates originally issued by Continental Airlines Inc. (since merged into United) to '###+' from '###'. We also raised our rating on the certificates originally issued by Continental, series 2004-ERJ1, to '##+ from '##'. We lowered our rating on United's 2007-1 class A certificates to '##+' from '###-' and our rating on the 2007-1 class B certificates to '##-' from '##'. Our ratings on EETCs are in almost all cases higher than the issuer credit rating on an airline because a default on the certificates occurs only if: 1) the airline enters...
