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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

  • Published: 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 READ MORE >

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

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