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Moody’s rates American Airlines notes B3
Moody's Investors Service said it assigned a B3 (LGD5) rating to the $500 million of new five-year unsecured notes offered by American Airlines Group Inc.
Its subsidiaries, American Airlines, Inc., US Airways Group, Inc. and US Airways, Inc. will guarantee American Airlines Group’s payment obligations under the indenture on a joint and several basis.
The corporate family rating is B1 with a stable outlook.
Proceeds will be used general corporate purposes.
The B3 rating on the new notes is level with the B3 rating of the $500 million of 6 1/8% senior unsecured notes of US Airways Group, Inc. due 2018 which American Airlines Group, American Airlines, Inc. and US Airways, Inc. cross-guarantee.
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