The ratings on Sabre Holdings Corp. reflect its leading position within most of its major businesses and its relatively strong financial profile. Sabre is a major provider of travel marketing and distribution services to the travel industry. Sabre owns the leading computer reservations system (CRS), and is responsible for booking close to 40% of the world's travel agency airline reservations. In addition, Sabre owns Travelocity.com, the largest consumer on-line travel booking site; and GetThere, the leading provider of web-based travel reservations systems for corporations. The travel industry experienced reduced levels of travel bookings beginning in early 2001 due to the economic slowdown. This trend was exacerbated after the events of Sept. 11, 2001, and the war in Iraq. However, on-line
