American Airlines, Inc. (DIP) -- Moody's assigns Baa2 rating to American Airlines' DIP term loan

New York, July 30, 2013 -- Moody's Investors Service assigned a Baa2 rating to the $1.55 billion debtor-in-possession term loan ("DIP Facility") of American Airlines, Inc. (DIP) ("American"). The rating on the DIP facility is being assigned on a "point-in-time" basis and will not be monitored going forward and therefore no outlook is assigned to the rating. The rating will be withdrawn within one business day of its issue. Moody's previously assigned a Baa2 rating to this facility when the company first announced this financing on 6 June 2013 with the expectation of securing commitments of $1.5 billion. American arranged $1.05 billion at that time and now seeks to complete an add-on of $500 million. AMR Corporation ("AMR") will guarantee the company's obligations under the facility on an unsecured basis. Certain of the company's slots, gate leaseholds and route authorities that it uses in providing service between the U.S. and ten countries in South America (the "Collateral") will secure the obligations under the DIP Facility. Gate leaseholds at U.S. Airports will not be part of the Collateral.

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