Air Lease Corporation (ALC) has been assigned a Long-Term Issuer Default Rating of BBB with a stable outlook by Fitch Ratings. Additionally, Fitch assigned a BBB rating to ALC’s senior unsecured debt.
Fitch highlighted in its press release that the BBB rating reflects ALC’s high quality commercial aircraft portfolio, above average scale, and strong and stable profitability supported by long-term contractual lease streams. Also key to the ratings outcome was ALC’s funding profile, peer-superior leverage and demonstrated management track record.
Gregory B. Willis, Executive Vice President and Chief Financial Officer said, “Achieving a BBB rating from Fitch is another key milestone in ALC’s long-term financing strategy. We are pleased that Fitch recognized the strong credit profile of ALC and the inherent benefits of our aircraft and financing strategies. This rating will help to enhance our access to attractively priced capital and maintains our position as the highest rated standalone aircraft lessor.”Date: January 20, 2017