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American Airlines 2009-1A Certificates Rating Affirmed At 'BBB-', Off Watch Jan 12
Standard & Poors, Jan 2012
Abstract
American Airlines on Dec. 23, 2011, affirmed aircraft debt that collateralizes its 2009-1 Class A pass-through certificates. We are affirming our 'BBB-' rating on the certificates and removing the rating from CreditWatch. Our ratings on other pass-through certificates of American remain on CreditWatch with developing implications. NEW YORK (Standard & Poor's) Jan. 9, 2012--Standard & Poor's Ratings Services said today that it affirmed its 'BBB-' rating on AMR Corp. (D/--) subsidiary American Airlines Inc.'s 2009-1A pass-through certificates. The rating was removed from CreditWatch, where it had placed been placed on Nov. 17, 2011. 'We are not surprised by American's affirmation, under Section 1110a of the U.S. Bankruptcy Code, of the aircraft debt that collateralizes the 2009-1 pass-through certificates (enhanced equipment...
Companies mentioned in this report are: AMR Corp.,American Airlines Inc.
Action: Removed From CreditWatch
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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