S&P puts AIR 2 US on watch

Standard & Poor's said it placed Air 2 US LLC's ratings on CreditWatch with negative implications.

Air 2 US is a Cayman Islands-based limited liability company that issued more than $1.1 billion of enhanced aircraft notes in 1999. This special-purpose entity relies on lease rental payments on planes leased to American Airlines Inc. (B-/Watch negative) and United Air Lines Inc. (B-/Watch negative) by various financing subsidiaries of Airbus Industries SAS.

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