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American Airlines Inc. Pass-Through Certificates Assigned 'A-' And 'BB+' Ratings Jan 11 Product Image

American Airlines Inc. Pass-Through Certificates Assigned 'A-' And 'BB+' Ratings Jan 11

  • ID: 2044354
  • January 2011
  • Region: United States
  • Standard & Poors

FEATURED COMPANIES

  • American Airlines Inc.
  • Boeing Co.
  • Natixis S.A.
  • MORE

Abstract
NEW YORK (Standard & Poor's) Jan. 25, 2011--Standard & Poor's Ratings Services said today that it has assigned its 'A-' rating to American Airlines Inc.'s (American) series 2011-1 Class A pass-through certificates with an expected maturity of Jan. 31, 2021, and its 'BB+' rating to the series 2011-1 Class B pass-through certificates with an expected maturity of Jan. 31, 2018. The final legal maturities will be 18 months after the expected maturity. The issues are a drawdown under a Rule 415 shelf registration. We assigned preliminary ratings to the certificates Jan. 20, 2011. The 'A-' and 'BB+' ratings are based on American's credit quality, substantial collateral coverage by a combination of very desirable and somewhat-less-liquid aircraft, and on legal and...

Companies mentioned in this report are:
- American Airlines Inc.
- Boeing Co.
- Natixis S.A.

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.

Note: Product cover images may vary from those shown

- American Airlines Inc.
- Boeing Co.
- Natixis S.A.

Note: Product cover images may vary from those shown
Note: Product cover images may vary from those shown

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