NEW YORK (Standard & Poor's) Nov. 8, 2006--Standard & Poor's Ratings Services today assigned its 'AAA' preliminary rating to JetBlue Airways Corp.'s (B/Stable/B-3) $74.1 million Class G pass-through certificates, and its 'B+' preliminary rating to the $49.4 million Class B pass-through certificates. The Class G certificates have an expected maturity of Jan. 2, 2014, and a final maturity date of Jan. 2, 2016; the Class B certificates mature Jan. 2, 2014. Final ratings will be assigned upon completion of the review of legal documentation. "The rating on the Class G certificates is based on an insurance policy provided by MBIA Insurance Corp. [AAA/Stable/-]," said Standard & Poor's credit analyst Betsy Snyder. "The rating on the Class B certificates is based...
Companies mentioned in this report are:
- JetBlue Airways Corp.
- Landesbank Hessen-Thueringen Girozentrale
- MBIA Insurance Corp.
Action: New Rating
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Research type: News
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