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American Airlines Group Inc. -- Moody's assigns B1 rating to American Airlines Group's new unsecured notes

Moody's Investors Service ("Moody's) assigned a B1 rating to the new senior unsecured notes due 2022 that American Airlines Group Inc. announced earlier today. The new notes will be guaranteed by subsidiary American Airlines, Inc. The net proceeds are to be contributed to the company's pension plans. Leverage is elevated because of the heavy reliance on debt for repurchasing shares while funding the majority of almost $27 billion of capital investment over the last five years with operating cash flow.