LOS ANGELES, California, October 18, 2016 — Air Lease Corporation (ALC) (NYSE: AL) announced that Standard & Poor's Ratings Services raised its corporate credit rating on ALC to BBB from BBB-, with a stable outlook.
Greg Willis, Executive Vice President and Chief Financial Officer of Air Lease Corporation commented, “We are pleased that Standard & Poor's has recognized Air Lease’s strengthening credit profile with an upgrade of our corporate credit rating to BBB. We will continue to execute our business plan to drive continuous improvement of our credit metrics.”
Additional information regarding ALC’s ratings upgrade can be found in Standard and Poor’s press release dated October 17, 2016 available on Standard and Poor’s website at www.standardandpoors.com. None of the information on Standard and Poor’s website, including the press release, is incorporated by reference into or is otherwise a part of this press release. The upgrade is subject to revision or withdrawal at any time by the rating agency and is not a recommendation to buy, sell or hold securities.
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements are based on current expectations and projections about our future results, prospects and opportunities and are not guarantees of future performance. Such statements will not be updated unless required by law. Actual results and performance may differ materially from those expressed or forecasted in forward-looking statements due to a number of factors, including those discussed in our filings with the Securities and Exchange Commission.
About Air Lease Corporation (NYSE: AL)ALC is a leading aircraft leasing company based in Los Angeles, California that has airline customers throughout the world. ALC and its team of dedicated and experienced professionals are principally engaged in purchasing commercial aircraft and leasing them to its airline customers worldwide through customized aircraft leasing and financing solutions. For more information, visit ALC's website at www.airleasecorp.com.