Air Lease Corporation’s Corporate Credit Rating Upgraded to BBB by Standard and Poor’s
October 18 2016 - 12:57PM
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.
Forward-Looking Statements
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.
Investors:
Ryan McKenna
Vice President, Strategic Planning
Email: rmckenna@airleasecorp.com
Media:
Laura St. John
Manager, Media and Investor Relations
Email: lstjohn@airleasecorp.com
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