S&P Cuts AMR, American Airlines Credit Ratings

The move reflects the air carrier's continuing heavy losses and diminishing liquidity

On Feb. 28, 2003, Standard & Poor's lowered its ratings for AMR Corp. (AMR ) and subsidiary American Airlines Inc., including lowering the long-term corporate credit ratings for both entities to 'B-' from 'BB-', and revised the CreditWatch implications on those ratings to developing from negative (see ).

To continue reading this article you must be a Bloomberg Professional Service Subscriber.