NEW YORK (AP) -- Moody's Investors Service on Monday changed its outlook on American Airlines parent AMR Corp. to "negative," saying it expects the airline to burn more cash as it deals with high costs while paying off debt and buying new planes.
AMR shares fell 5 percent in afternoon trading.
Moody's reduced the company's liquidity rating but upheld the previous corporate credit and default ratings.
It warned, however, that it could downgrade AMR if the company can't boost credit measures or keep enough cash.
http://finance.yahoo.com/news/Moodys-lowers-outlook-on-AMR-apf-2812501740.html?x=0&.v=1
AMR shares fell 5 percent in afternoon trading.
Moody's reduced the company's liquidity rating but upheld the previous corporate credit and default ratings.
It warned, however, that it could downgrade AMR if the company can't boost credit measures or keep enough cash.
http://finance.yahoo.com/news/Moodys-lowers-outlook-on-AMR-apf-2812501740.html?x=0&.v=1