SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported):
September 21, 2001
CONTINENTAL AIRLINES, INC.
(Exact name of registrant as specified in its charter)
|
Delaware |
0-09781 |
74-2099724 |
|
(State or other jurisdiction |
(Commission File Number) |
(IRS Employer |
|
of incorporation) |
Identification No.) |
|
1600 Smith Street, Dept. HQSEO, Houston, Texas |
77002 |
|
(Address of principal executive offices) |
(Zip Code) |
(713) 324-2950
(Registrant's telephone number, including area code)
Item 5. Other Events.
Fitch Ibca, Duff & Phelps ("Fitch") announced today that it has lowered its ratings on certain of the debt obligations of Continental Airlines, Inc. (the "Company"), citing the unprecedented collapse in U.S. air traffic following the terrorist attacks of September 11.
Fitch downgraded the Company's ratings as follows:
Unsecured Debt Rating from BB to B-
TIDES Preferred Equity Securities from B+ to CCC
The City of Houston, Texas, Airport System Special Facilities
Revenue Bonds from BB+ to B
Also, on September 20, 2001, Standard and Poor lowered its credit rating on the Company from BB to BB-.
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, Continental Airlines, Inc. has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
CONTINENTAL AIRLINES, INC.
By: /s/ Jennifer L. Vogel
Jennifer L. Vogel
Vice President and
General Counsel
September 21, 2001