Enhanced equipment trust certificates (EETCs) have been under severe pressure due to COVID-19, paralleling the effects of the pandemic on the airlines that issue them. Responding to a recent request to revise the EETC ratings methodology, S&P Global Ratings has issued a frequently asked questions paper about its ratings on EETCs. S&P notes in the paper that almost all the EETCs it rates have been downgraded since the start of this year, with rating changes that span from no effect to a nine-notch downgrade for an EETC issued by Latam, which filed for bankruptcy in May. Most actions were caused

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