Moody's: American Airlines unaffected

Moody's Investors Service said that the amendments to the liquidity facilities that provide credit support to American Airlines Inc.'s series 1999-1 class A1, A2 and B Enhanced Equipment Trust Certificates would not affect the current ratings assigned to these certificates.

The current ratings are Baa3 for the class A1 and A2 certificates and Ba3 for the class B certificates.

The amendments to the liquidity credit agreements were made as a result of the phasing out of existing state guarantees for German public-sector financial institutions (Anstaltslast and Gewaehrtraegerhaftung) as agreed by the European Commission and the German authorities in July 2001.

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