Continental Airlines Inc.'s Series 2012-1 Pass-Through Certificates Preliminarily Rated 'A-' (Class A), 'BBB-' (Class B) Mar 12
Standard & Poors, March 2012
Abstract
NEW YORK (Standard & Poor's) March 8, 2012--Standard & Poor's Ratings Services said today that it has assigned its preliminary 'A-' rating to Continental Airlines Inc.'s series 2012-1 Class A pass-through certificates with an expected maturity of April 11, 2024, and its preliminary 'BBB-' rating to Continental's series 2012-1 Class B pass-through certificates with an expected maturity of April 11, 2020. The final legal maturities will be 18 months after the expected maturity. Continental is issuing the certificates under a Rule 415 shelf registration. We will assign final ratings after concluding a legal review of the documentation. The preliminary 'A-' and 'BBB-' ratings are based on the consolidated credit quality of Continental's parent, United Continental Holdings Inc. (B/Stable/--); substantial collateral...
Companies mentioned in this report are:
- United Airlines Inc.
- 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.
- United Airlines Inc.
- Natixis S.A.
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