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Aircraft Debt Of Four Airlines Placed on CreditWatch Negative Feb 05
Standard & Poors, Feb 2005
Abstract
NEW YORK (Standard & Poor's) Feb. 24, 2005--Standard & Poor's Ratings Services today placed its ratings on equipment trust certificates and enhanced equipment trust certificates of America West Airlines Inc. (B-/Negative/--), American Airlines Inc. (B-/Stable/--), Continental Airlines Inc. (B/Negative/--), and Northwest Airlines Inc. (B/Negative/--; includes issues of NWA Trust No. 1 and NWA Trust No. 2) on CreditWatch with negative implications. The rating action does not affect issues that are supported by bond insurance policies. Affected securities total about $13.2 billion. 'The CreditWatch review is prompted by Standard & Poor's concern that a prolonged difficult airline industry environment, characterized by high fuel prices, excess capacity, and intense price competition in the domestic market, has weakened the financial condition of almost...
Companies mentioned in this report are: America West Airlines Inc.,American Airlines Inc.,Continental Airlines Inc.,Delta Air Lines Inc.,Northwest Airlines Inc.,United Air Lines Inc.,US Airways Inc.,FLYi Inc.,AIR 2 US LLC
Action: On CreditWatch:Negative
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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