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S&P Upgrades AMR Credit Ratings

Hatu

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NEW YORK, June 6 (Reuters) - Standard and Poor's raised its ratings on AMR Corp (AMR.N: Quote, Profile, Research) and its subsidiary American Airlines on Tuesday, citing the company's improved earnings and cash flow prospects.

AMR's better revenue generation and ongoing cost-cutting efforts have more than offset the effect of high fuel prices, S&P said.

http://yahoo.reuters.com/news/articlehybri...omktNews&rpc=44
 

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