2014 could see a Euro-denominated EETC

Ryanair is seeking a credit rating from Standard & Poor’s, which is widely expected to be the highest rating for an airline today. There has been a growing trend for airlines to be rated – or at least go through the ratings process – in order to access a greater range of aircraft finance products. Emirates went through the process to ensure financing of its A380 deliveries via the Doric Alpha EETC transaction last year, while Rolls Royce Partners Finance has succeeded in being rated just one notch under its parent even though it is not guaranteed by Rolls Royce.