NEW YORK--()--Fitch Ratings is withdrawing ratings on various classes of senior unsecured and senior secured debt issued by AMR Corp. and its principal operating subsidiary American Airlines, Inc. AMR continues to reorganize under court supervision since filing for Chapter 11 on Nov. 29, 2011. The issue ratings are being withdrawn due to insufficient information available to maintain a recovery rating, as AMR's capital structure continues to evolve through the bankruptcy process. Fitch affirms AMR's IDR at 'D'.
Fitch has taken the following ratings actions:
AMR Corp.
--Issuer Default Rating (IDR) affirmed at 'D'
--Senior Unsecured Rating of 'C/RR6' withdrawn
American Airlines, Inc.
--IDR affirmed at 'D'
--Senior Secured Notes Rating of 'CCC/RR1' withdrawn
Additional information is available at 'www.fitchratings.com'. The ratings above were solicited by, or on behalf of, the issuer, and therefore, Fitch has been compensated for the provision of the ratings.
Applicable Criteria and Related Research:
--'Corporate Rating Methodology' (Aug. 12, 2011);
--'Recovery Ratings and Notching Criteria for Nonfinancial Corporate Issuers' (May 12, 2011).
Applicable Criteria and Related Research:
Corporate Rating Methodology
http://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=684460
Recovery Ratings and Notching Criteria for Non-Financial Corporate Issuers
http://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=693773
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