S&P cuts AMR debt (AMR) By August Cole
Standard and Poor's cut its rating on American Airlines parent AMR Corp. (AMR) debt to "B-" from "BB-" because of increasing losses and liquidity concerns. The credit watch status is now revised, not negative. War risk was cited as a serious issue because of the implications for rising fuel-prices and declining revenue. Shares were last down 24 cents to $2.27.