Continental Airlines Pass-Through Certificates Class A, B, and C Assigned Ratings Feb 99
- ID: 1886174
- February 1999
- Standard & Poors
NEW YORK (Standard & Poor's CreditWire) Feb. 8, 1999-- Standard & Poor's today assigned its ratings to Continental Airlines Inc.'s various classes of pass-through certificates series 1999-1 (see list below). The ratings apply to a unit consisting of the certificates and escrow receipts. The latter represents an interest in escrow deposits, pending delivery of the aircraft being financed. The certificates are secured by equipment notes issued by Continental directly or issued in connection with leveraged leases to and secured debt issued by Continental financing 13 B737-724, 14 B737-824, and four B777-224 passenger jet aircraft to be delivered between March 1999 through October 1999. The ratings are based on: -- The corporate credit rating on Continental Airlines Inc. (double-'B'/Stable/--); -- The...
Companies mentioned in this report are:
- United Airlines Inc.
- Bayerische Landesbank
Action: New Rating
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