Moody’s assigns B1 CFR to American Airlines Group, outlook stable

Moody’s Investors Service has assigned corporate ratings to American Airlines Group (AAG): Corporate Family (CFR) of B1, Probability of Default of B1-PD, and Speculative Grade Liquidity of SGL-1. Moody’s assigned a Ba2 rating to the $1.9 billion senior secured term loan facility of American Airlines due in 2019 and to the $1.0 billion revolving credit facility maturing in 2018, both of which AAG, US Airways Group and US Airways will each guarantee. Moody’s also upgraded the ratings on the Series 2001-1 and Series 2011-1 Enhanced Equipment Trust Certificates (EETCs) of American Airlines. The outlook is stable. The ratings have been