AERO TRADING GROUP Corp

Fitch takes various actions on United Airlines’ EETCs

Fitch takes various actions on United Airlines’ EETCsFitch takes various actions on United Airlines’ EETCs

Fitch Ratings has completed a review of nine public aircraft EETC transactions issued by United Airlines with 21 rated tranches. Fitch has downgraded six tranches of United Airlines’ EETCs including the 2019-2 class A, 2018-1 class A, 2016-2 class AA and A, 2016-1 class A, and 2012-2 class A. Fitch has affirmed United’s other enhanced equipment trust certificate (EETC) ratings, including the B tranches for the 2019-2 and 2018-1, 2016-2, and 2016-1 transactions and all tranches of four other transactions. Fitch has also removed United’s 2019-1, 2018-1 and 2016-2 certificates from Rating Watch Negative (RWN). The downgrades are primarily driven

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