Air Lease Corporation Assigned Investment Grade Rating by Fitch
January 17 2017 - 6:36AM
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 President and
Chief Financial Officer said, “Achieving a BBB rating from Fitch is
another key milestone in ALC’s long-term financing strategy. We are
pleased that Fitch recognized the strong credit profile of ALC and
the inherent benefits of our aircraft and financing strategies.
This rating will help to enhance our access to attractively priced
capital and maintains our position as the highest rated standalone
aircraft lessor.”
Additional information regarding ALC’s rating
assignment can be found in the Fitch press release dated January
16, 2017 available on the Fitch website at www.fitchratings.com.
None of the information on the Fitch website, including the press
release, is incorporated by reference into or is otherwise a part
of this press release. The rating 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 an 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 partners worldwide
through customized aircraft leasing and financing solutions.
For more information, visit ALC's website at
www.airleasecorp.com.
Investors:
Ryan McKenna
Vice President
Email: rmckenna@airleasecorp.com
Media:
Laura St. John
Media and Investor Relations Coordinator
Email: lstjohn@airleasecorp.com
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