DAE rating lifted by Kroll

victoria@aviationnews-online.com
By victoria@aviationnews-online.com October 16, 2018 16:24

DAE rating lifted by Kroll

Kroll Bond Rating Agency (KBRA) has assigned issuer and senior unsecured debt ratings of BBB+ and BBB, respectively to Dubai Aerospace Enterprise. The Outlook on the ratings is Stable.

Established in 2006, DAE completed a transformative acquisition with its purchase of Dublin-based AWAS last year, quadrupling its fleet and adding significant portfolio diversification, infrastructure and management expertise. At Sept. 30, 2018, DAE’s fleet consisted of 365 aircraft with an average age of 6.3 years and a value of approximately $15Bn.

victoria@aviationnews-online.com
By victoria@aviationnews-online.com October 16, 2018 16:24