United Airlines Inc.'s Series 2024-1 Class AA and Class A EETCs Assigned Prelim ?AA (sf)? and ?A (sf)? Ratings - S&P Global Ratings’ Credit Research

United Airlines Inc.'s Series 2024-1 Class AA and Class A EETCs Assigned Prelim ?AA (sf)? and ?A (sf)? Ratings

United Airlines Inc.'s Series 2024-1 Class AA and Class A EETCs Assigned Prelim ?AA (sf)? and ?A (sf)? Ratings - S&P Global Ratings’ Credit Research
United Airlines Inc.'s Series 2024-1 Class AA and Class A EETCs Assigned Prelim ?AA (sf)? and ?A (sf)? Ratings
Published Jul 22, 2024
5 pages (2690 words) — Published Jul 22, 2024
Price US$ 150.00  |  Buy this Report Now

About This Report

  
Abstract:

TORONTO (S&P Global Ratings) July 22, 2024--S&P Global Ratings today assigned its preliminary 'AA (sf)' and 'A (sf)' issue-level ratings to United Airlines Inc.'s series 2024-1 class AA and class A pass-through enhanced equipment trust certificates (EETCs), respectively. The final rating will depend on our receipt and satisfactory review of all final transaction documentation. Accordingly, the preliminary ratings should not be construed as evidence of final ratings. If we do not receive final documentation within a reasonable timeframe, or final documentation departs from materials reviewed, we reserve the right to withdraw or revise our ratings. Potential changes include, but are not limited to, use of notes proceeds; maturity, size, and conditions of the notes; financial and other covenants; security; and

  
Brief Excerpt:

...July 22, 2024 TORONTO (S&P Global Ratings) July 22, 2024--S&P Global Ratings today assigned its preliminary '## (sf)' and 'A (sf)' issue-level ratings to United Airlines Inc.'s series 2024-1 class ## and class A pass-through enhanced equipment trust certificates (EETCs), respectively. The final rating will depend on our receipt and satisfactory review of all final transaction documentation. Accordingly, the preliminary ratings should not be construed as evidence of final ratings. If we do not receive final documentation within a reasonable timeframe, or final documentation departs from materials reviewed, we reserve the right to withdraw or revise our ratings. Potential changes include, but are not limited to, use of notes proceeds; maturity, size, and conditions of the notes; financial and other covenants; security; and ranking. United plans to finance 48 newer and mid-life aircraft with about $969 million of class ## certificates and $385 million of class A certificates ($1.35 billion...

  
Report Type:

Ratings Action

Ticker
CAL
Issuer
United Airlines Inc.
GICS
Airlines (20302010)
Sector
Global Issuers , Public Finance , Structured Finance
Country
United States
Region
United States
Format:
PDF Adobe Acrobat
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Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "United Airlines Inc.'s Series 2024-1 Class AA and Class A EETCs Assigned Prelim ?AA (sf)? and ?A (sf)? Ratings" Jul 22, 2024. Alacra Store. May 21, 2025. <http://www.alacrastore.com/s-and-p-credit-research/United-Airlines-Inc-s-Series-2024-1-Class-AA-and-Class-A-EETCs-Assigned-Prelim-AA-sf-and-A-sf-Ratings-3217853>
  
APA:
S&P Global Ratings’ Credit Research. (). United Airlines Inc.'s Series 2024-1 Class AA and Class A EETCs Assigned Prelim ?AA (sf)? and ?A (sf)? Ratings Jul 22, 2024. New York, NY: Alacra Store. Retrieved May 21, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/United-Airlines-Inc-s-Series-2024-1-Class-AA-and-Class-A-EETCs-Assigned-Prelim-AA-sf-and-A-sf-Ratings-3217853>
  
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