Fitch Rates BOC Aviation’s USD Senior Notes Final ‘A-‘

Fitch Ratings has assigned BOC Aviation US$750m 3.0% senior unsecured notes due 2020 a final rating of ‘A-‘. The notes are issued under the aircraft leasing company’s USD5bn global medium-term note (GMTN) programme. This follows the completion of the notes issue and receipt of final documentation conforming to information already received. The final rating is the same as the expected rating assigned on 23 March 2015. Proceeds from the senior notes would be used for the company’s capital expenditure and general corporate purposes. The notes are rated at the same level as BOC Aviation’s ‘A-‘ Long-Term Issuer Default Rating (IDR).