United Airlines Inc.'s 2015-1 Pass-Through Certificates Assigned Preliminary 'AA (sf)' And 'A (sf)' Issue-Level Ratings - S&P Global Ratings’ Credit Research

United Airlines Inc.'s 2015-1 Pass-Through Certificates Assigned Preliminary 'AA (sf)' And 'A (sf)' Issue-Level Ratings

United Airlines Inc.'s 2015-1 Pass-Through Certificates Assigned Preliminary 'AA (sf)' And 'A (sf)' Issue-Level Ratings - S&P Global Ratings’ Credit Research
United Airlines Inc.'s 2015-1 Pass-Through Certificates Assigned Preliminary 'AA (sf)' And 'A (sf)' Issue-Level Ratings
Published Nov 02, 2015
6 pages (2500 words) — Published Nov 02, 2015
Price US$ 150.00  |  Buy this Report Now

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Abstract:

NEW YORK (Standard&Poor's) Nov. 2, 2015--Standard&Poor's Ratings Services today assigned its preliminary 'AA (sf)' issue-level rating to United Airlines Inc.'s series 2015-1 class AA pass-through certificates (with an expected maturity date of Dec. 1, 2027). At the same time, we assigned our preliminary 'A (sf)' issue-level rating to the company's series 2015-1 class A pass-through certificates (with an expected maturity date of Dec. 1, 2022). The final legal maturities will be 18 months after the expected maturities. United Airlines is issuing the certificates under a Rule 415 shelf registration. We will assign final ratings upon the completion of our legal and structural review. We base our preliminary ratings on these issues on the credit quality of

  
Brief Excerpt:

...(Editor's Note: In the original version of this report we incorrectly stated the expected maturity date of the class A certificates. A corrected version follows.) NEW YORK (Standard & Poor's) Nov. 2, 2015--Standard & Poor's Ratings Services today assigned its preliminary '## (sf)' issue-level rating to United Airlines Inc.'s series 2015-1 class ## pass-through certificates (with an expected maturity date of Dec. 1, 2027). At the same time, we assigned our preliminary 'A (sf)' issue-level rating to the company's series 2015-1 class A pass-through certificates (with an expected maturity date of Dec. 1, 2022). The final legal maturities will be 18 months after the expected maturities. United Airlines is issuing the certificates under a Rule 415 shelf registration. We will assign final ratings upon the completion of our legal and structural review. We base our preliminary ratings on these issues on the credit quality of United Airlines' parent, United Continental Holdings Inc. (##-/Positive/--),...

  
Report Type:

Ratings Action

Ticker
Issuer
GICS
Airlines (20302010)
Sector
Global Issuers , Public Finance , Structured Finance
Country
Region
Format:
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Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "United Airlines Inc.'s 2015-1 Pass-Through Certificates Assigned Preliminary 'AA (sf)' And 'A (sf)' Issue-Level Ratings" Nov 02, 2015. Alacra Store. May 21, 2025. <http://www.alacrastore.com/s-and-p-credit-research/United-Airlines-Inc-s-2015-1-Pass-Through-Certificates-Assigned-Preliminary-AA-sf-And-A-sf-Issue-Level-Ratings-1474152>
  
APA:
S&P Global Ratings’ Credit Research. (). United Airlines Inc.'s 2015-1 Pass-Through Certificates Assigned Preliminary 'AA (sf)' And 'A (sf)' Issue-Level Ratings Nov 02, 2015. New York, NY: Alacra Store. Retrieved May 21, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/United-Airlines-Inc-s-2015-1-Pass-Through-Certificates-Assigned-Preliminary-AA-sf-And-A-sf-Issue-Level-Ratings-1474152>
  
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