17 Jan 2017

Air Lease Corporation Assigned Investment Grade Rating by Fitch

LOS ANGELES, California, January 17, 2017 — Air Lease Corporation (ALC) (NYSE: AL) today announced that it has been assigned a Long-Term Issuer Default Rating of BBB with a stable outlook by Fitch Ratings, Inc. (Fitch). Additionally, Fitch assigned a BBB rating to ALC’s senior unsecured debt. Fitch highlighted in its press release that the BBB rating reflects ALC’s high quality commercial aircraft portfolio, above average scale, and strong and stable profitability supported by long-term contractual lease streams. Also key to the ratings outcome was ALC’s funding profile, peer-superior leverage and demonstrated management track record. Gregory B. Willis, Executive Vice[...]