Fitch Ratings has affirmed the debt ratings of AMR Corp. and its principal operating subsidiary American Airlines, Inc. as follows: AMR: Issuer Default Rating (IDR) at ‘CCC’; Senior Unsecured Rating at ‘C/RR6′. American Airlines, IDR at ‘CCC’. Fitch has also assigned a rating of ‘B+/RR1′ to American’s recently issued $1 billion senior secured notes due in 2016. The notes are collateralized by airport slots, gates and international route authorities. The senior unsecured rating at the parent level applies to approximately $885 million of outstanding debt. The ratings affirmation and the ‘CCC’ IDRs reflect continuing concerns surrounding the airline’s very weak

This content is restricted to site members.

If you are an existing user, please login below.
New users may register below.

Existing Users Log In