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Moody’s rates American Air notes Ba2
Moody’s Investors Service said it assigned a Ba2 rating to the new backed senior secured notes due May 2029 that American Airlines, Inc. is selling. The airlines’ parent American Airlines Group Inc. will guarantee the notes and the loan.
Earlier this week, Moody’s assigned a Ba2 rating to American’s new $750 million loan due 2029 that it is arranging this week.
American will use the proceeds and the new term loan to refinance its 11¾% backed senior secured notes due July 15, 2025.
The outlook is stable.
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