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American Airlines Inc's 1999-1 Pass-through Certificates Assigned Preliminary Ratings Sep 99
Standard & Poors, Sep 1999
Abstract
NEW YORK (Standard & Poor's CreditWire) September 22, 1999--Standard & Poor's today assigned preliminary ratings to American Airlines Inc.'s various classes of pass-through certificates series 1999-1. (See list below). Final ratings will be assigned upon completion of the review of legal documentation. The certificates are secured by equipment notes issued by American. The notes are secured debt by ten Boeing 737-823, three Boeing 767-323ER, and two Boeing 777-223IGW passenger jet aircraft delivered between June 1998 and September 1999. The preliminary ratings are based on: -- The corporate credit rating on AMR Corp. unit American Airlines Inc. (triple-'B'-minus/Stable/A-3); -- The availability of special protections under Section 1110 of the U.S. Bankruptcy Code to owners of equipment notes (and thus, indirectly, to...
Companies mentioned in this report are: American Airlines Inc.,AMR Corp.,Bayerische Landesbank
Action: New Rating
Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
Research type: News
This product is a is a brief one-page announcement of no more than 500 words with a quote from the analyst. It is media and investor focused with no accompanying commentary article.
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