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Airline Debt Ratings Placed on CreditWatch Negative Following Terrorist Strikes on the U.S. Sep 01
Standard & Poors, Sep 2001
Abstract
LONDON (Standard & Poor's) Sept. 13, 2001--As a result of the recent acts of terrorism in the U.S., Standard & Poor's today placed its short-term corporate credit, bank loan, and other securities ratings on all U.S. airlines and related entities on CreditWatch with negative implications (see list below). At the same time, the senior unsecured debt ratings on Air Canada and on British Airways PLC (BA) and its related entity British Airways Finance (Jersey) L.P. were also placed on CreditWatch with negative implications. This action follows the placement earlier today of the long-term corporate credit ratings on all U.S. airlines, as well as the long-term corporate credit ratings on Air Canada and BA, on CreditWatch with negative implications (see separate...
Companies mentioned in this report are: Air Canada,AMR Corp.,Alaska Airlines Inc.,American Airlines Inc.,Continental Airlines Inc.,Delta Air Lines Inc.,Northwest Airlines Inc.,Piedmont Aviation Inc.,Southwest Airlines Co.,United Air Lines Inc.,US Airways Inc.,United Continental Holdings Inc.,British Airways PLC,Northwest Airlines Corp.,ATA Holdings Corp.,ATA Airlines Inc.,FLYi Inc.,America West Airlines Inc.,British Airways Finance (Jersey) L.P.
Action: Downgraded, 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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