Home Credit Ratings and Research Residential Mortgage-Backed Securities S&P Global Ratings’ Credit Research United Airlines Inc.

United Airlines Inc.'s Houston Airport Revenue Bonds 2015 Rated 'B+'

Published Mar 04, 2015

Price US$ 150.00 | Buy this Report Now

About This Report

Abstract:

NEW YORK (Standard&Poor's) March 4, 2015--Standard&Poor's Ratings Services today assigned its 'B+' issue-level rating to United Airlines Inc.'s (B+/Positive/--) City of Houston, Texas Airport System Special Facility Revenue Bonds, series 2015. The bonds are in three series: 2015B-1, B-2, and C. The company will use the first of these to finance new United terminal facilities at Houston Intercontinental Airport, while the second and third series will redeem and refinance airport revenue bonds issued in 1997 and 1998 to build airport facilities for Continental Airlines Inc. (which merged into United's parent company to form United Continental Holdings Inc. in 2010, and which we also rate 'B+'). As is the case for other airport revenue bonds, the issuer

Report Type:

Ratings Action

Ticker

CAL

Issuer

United Airlines Inc.

GICS

Airlines (20302010)

Sector

Global Issuers , Structured Finance

Country

United States

Region

United States

Format:

PDF

United Airlines Inc.'s 2015-1 Pass-Through Certificates Assigned Preliminary 'AA (sf)' And 'A (sf)' Issue-Level Ratings – 2015/11/02 – US$ 150.00

United Airlines Inc.'s 2015-1 Pass-Through Certificates Assigned 'AA (sf)' And 'A (sf)' Issue-Level Ratings – 2015/11/16 – US$ 150.00

United Airlines Inc. 2014-2 Class A Pass-Through Certificates Rating Lowered To 'A' After Liquidity Provider Downgrade – 2016/03/18 – US$ 150.00

United Airlines' Proposed $2 Billion Revolving Credit Facility And $1.5 Billion Term Loan Rated 'BB+' (Recovery: '1') – 2017/03/14 – US$ 150.00

Bulletin: Rating On United Airlines Inc.'s Airport Special Facility Revenue Bonds Issued By The City Of Houston Remains Unchanged – 2018/01/30 – Free

United Airlines Inc.'s $308.5 Million Special Facilities Revenue Refunding Bonds Assigned 'B' Rating – 2014/05/06 – US$ 150.00

United Airlines Inc. Series 2014-1 Pass-Through Certificates Assigned 'A- (sf)' And 'BB+ (sf)' Ratings – 2014/04/03 – US$ 150.00

United Airlines 2014-1 Pass-Through Certificates Assigned Preliminary 'A- (sf)' And Preliminary 'BB+ (sf)' Ratings – 2014/03/24 – US$ 150.00

United Airlines Inc. Class A And B Pass-Through Certificates Assigned Ratings – 2013/08/14 – US$ 150.00

United Airlines Inc. Class A And B Pass-Through Certificates Assigned Preliminary Ratings – 2013/08/01 – US$ 150.00

More from S&P Global Ratings’ Credit Research

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.'s Houston Airport Revenue Bonds 2015 Rated 'B+'" Mar 04, 2015. Alacra Store. May 21, 2025. <http://www.alacrastore.com/s-and-p-credit-research/United-Airlines-Inc-s-Houston-Airport-Revenue-Bonds-2015-Rated-B-1387495>

APA:	S&P Global Ratings’ Credit Research. (). United Airlines Inc.'s Houston Airport Revenue Bonds 2015 Rated 'B+' Mar 04, 2015. New York, NY: Alacra Store. Retrieved May 21, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/United-Airlines-Inc-s-Houston-Airport-Revenue-Bonds-2015-Rated-B-1387495>

US$ 150.00

$ £ €

Have a Question?

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

Example Report

Click to View Sample Report

More Research

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