CREDIT RATING UPGRADED TO BB- BY S&PSource: RNS
("Avation" or "the Company")
CREDIT RATING UPGRADED TO BB- BY S&P
Avation PLC (LSE: AVAP), the commercial passenger aircraft leasing company advises that S&P Global Ratings ("S&P") has published a research update on the Company and has upgraded the Company's issuer default rating to BB- (stable outlook).
S&P are also raising the issue rating for Avation Capital S.A.'s $350 million Senior Notes due 2021 issued under the Company's Global Medium-Term Note Program from B+ to BB-.
Jeff Chatfield, Executive Chairman
T: +65 6252 2077
Avation welcomes shareholder questions and comments and advises the email address is: email@example.com.
Notes to Editors:
Avation PLC is an aircraft leasing company, headquartered in Singapore, owning and managing a fleet of commercial passenger aircraft which it leases airlines around the world.
More information on Avation is available at www.avation.net.
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