ACG rated A by KBRA

Kroll Bond Rating Agency (KBRA) has assigned issuer and senior unsecured ratings of A to Aviation Capital Group (ACG), an aircraft leasing company headquartered in Newport Beach, California. The Outlook on the ratings is Stable. KBRA considers ACG’s stand-alone credit profile to be A-, which reflects the Company’s long and stable track record, strong market position, experienced management team, prudent risk management culture and relatively low leverage metrics comparable to other highly rated aircraft leasing companies. These strengths are balanced by the need for additional equity for continuous significant growth, the recent increase in impairment charges in 2016 and 2017,