Fitch Rates SMBC Aviation Capital Finance DAC’s Unsecured Notes BBB+

Fitch Ratings has assigned the following ratings to SMBC Aviation Capital Finance DAC: Long-Term Issuer Default Rating (IDR) ‘BBB+’; Senior unsecured notes ‘BBB+’. The notes were issued by SMBC Aviation Capital Finance DAC and guaranteed by SMBC Aviation Capital Limited (SMBC AC; Long-Term IDR of ‘BBB+’/Outlook Stable), whose majority parent is Sumitomo Mitsui Financial Group, Inc. (SMFG; Long-Term IDR of ‘A’/Outlook Stable). SMBC Aviation Capital Finance DAC’s IDR is equalized with SMBC AC’s IDR and reflects the full and unconditional guarantee of SMBC Aviation Capital Finance DAC’s obligations by SMBC AC. The senior unsecured notes rating is equalized with SMBC