United Airlines Inc. Selected EETC Ratings Raised To 'A+' From 'A' Following Upgrade Of Liquidity Providers - S&P Global Ratings’ Credit Research

United Airlines Inc. Selected EETC Ratings Raised To 'A+' From 'A' Following Upgrade Of Liquidity Providers

United Airlines Inc. Selected EETC Ratings Raised To 'A+' From 'A' Following Upgrade Of Liquidity Providers - S&P Global Ratings’ Credit Research
United Airlines Inc. Selected EETC Ratings Raised To 'A+' From 'A' Following Upgrade Of Liquidity Providers
Published Nov 12, 2018
3 pages (1436 words) — Published Nov 12, 2018
Price US$ 150.00  |  Buy this Report Now

About This Report

  
Abstract:

On Oct. 19, 2018, S&P Global Ratings raised its issuer credit ratings on French banks Natixis S.A. and Credit Agricole S.A. to 'A+' from 'A'. These banks or their subsidiaries are liquidity providers for certain United Airlines Inc. enhanced equipment trust certificates (EETCs) and, under our counterparty criteria, our ratings on EETCs generally cannot be higher than our rating on the liquidity provider supporting the certificates. Following a review of the affected United EETCs, we concluded that the other characteristics of the selected EETCs could support an 'A+' rating now that we rate their liquidity providers 'A+'. Accordingly, we are raising our issue-level ratings on United Airlines' EETCs 2013-1 Class A, 2014-1 Class A, and 2015-1 Class A and the

  
Brief Excerpt:

...+ On Oct. 19, 2018, S&P Global Ratings raised its issuer credit ratings on French banks Natixis S.A. and Credit Agricole S.A. to 'A+' from 'A'. + These banks or their subsidiaries are liquidity providers for certain United Airlines Inc. enhanced equipment trust certificates (EETCs) and, under our counterparty criteria, our ratings on EETCs generally cannot be higher than our rating on the liquidity provider supporting the certificates. + Following a review of the affected United EETCs, we concluded that the other characteristics of the selected EETCs could support an 'A+' rating now that we rate their liquidity providers 'A+'. + Accordingly, we are raising our issue-level ratings on United Airlines' EETCs 2013-1 Class A, 2014-1 Class A, and 2015-1 Class A and the 2012-2 Class A certificates originally issued by Continental Airlines Inc. (since merged into United) to 'A+' from 'A'. NEW YORK (S&P Global Ratings) Nov. 12, 2018-- S&P Global Ratings today raised its issue-level ratings on four...

  
Report Type:

Ratings Action

Ticker
Issuer
GICS
Airlines (20302010)
Sector
Global Issuers , Structured Finance
Country
Region
Format:
PDF Adobe Acrobat
Buy Now

S&P Global Ratings’ Credit Research—S&P Global Ratings’ credit research provides analysis on issuers and debt obligations of corporations, states and municipalities, financial institutions, insurance companies and sovereign governments. S&P Global Ratings also offers insight into the credit risk of structured finance deals, providing an independent view of credit risk associated with a growing array of debt-securitized instruments.

About the Author


Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "United Airlines Inc. Selected EETC Ratings Raised To 'A+' From 'A' Following Upgrade Of Liquidity Providers" Nov 12, 2018. Alacra Store. May 21, 2025. <http://www.alacrastore.com/s-and-p-credit-research/United-Airlines-Inc-Selected-EETC-Ratings-Raised-To-A-From-A-Following-Upgrade-Of-Liquidity-Providers-2128166>
  
APA:
S&P Global Ratings’ Credit Research. (). United Airlines Inc. Selected EETC Ratings Raised To 'A+' From 'A' Following Upgrade Of Liquidity Providers Nov 12, 2018. New York, NY: Alacra Store. Retrieved May 21, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/United-Airlines-Inc-Selected-EETC-Ratings-Raised-To-A-From-A-Following-Upgrade-Of-Liquidity-Providers-2128166>
  
US$ 150.00
$  £  
Have a Question?

Any questions about the report you're considering? Our Customer Service Team can help! Or visit our FAQs.

More Research

Search all our Residential Mortgage-Backed Securities from one place.