The ratings on Sabre Holdings Corp. reflect its leading position within several 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. It owns one of the largest computer reservations systems (CRS), responsible for booking approximately 50% of the world's travel agency airline reservations. In addition, Sabre owns Travelocity, one of the largest consumer on-line travel booking sites. Sabre is also a major provider of technology and services to airlines and other travel providers. The travel industry began to be affected by reduced levels of travel bookings in early 2001 due to the economic slowdown. This trend was exacerbated by the events of Sept. 11,
