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Published on 8/11/2014 in the Prospect News Bank Loan Daily, Prospect News High Yield Daily and Prospect News Investment Grade Daily.

S&P rates United Airlines pass-throughs A- (sf), BB+ (sf)

Standard & Poor’s said it assigned its A- (sf) rating to United Airlines Inc.’s series 2014-2 class A pass-through certificates (with an expected maturity of Sept. 3, 2026). At the same time, S&P assigned a BB+ (sf) rating to the company’s series 2014-2 class B pass-through certificates (with an expected maturity of Sept. 3, 2022).

The ratings are based on the credit quality of United Airlines’ parent, United Continental Holdings Inc., the substantial collateral coverage by good-quality aircraft, and the legal and structural protections available to the pass-through certificates.


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