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S&P puts Air 2 US notes on watch
Standard & Poor's said it placed its ratings on the Air 2 US LLC enhanced equipment notes series A and series B on CreditWatch with negative implications.
The series A notes are rated BB- while the series B notes are rated B-.
According to the agency, the rating action is based on the May 23 CreditWatch listing of American Airlines Inc. (B/Watch negative) and United Air Lines Inc. (B/Watch negative) ratings.
This special-purpose entity relies on lease rental payments on planes leased to American and United by various financing subsidiaries of Airbus Industries SAS, the agency noted.
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