Moodys: No negative rating impact on aircraft lease ABS sponsored by Aircastle from excess concentrations

Moody’s has announced that the sale of a Boeing B767-300ER aircraft, resulting in certain concentration limits being exceeded, would not, in and of itself and as of this time, result in the downgrade, the placement on review for possible downgrade or withdrawal of the ratings assigned to the certificates issued by ACS 2007-1 Pass Through Trust (ACS). The Remarketing Agent, Aircastle Advisor (Ireland) Limited has executed the sale of a Boeing B767-300ER aircraft (MSN 25587) on behalf of ACS. As a result, the three largest lessees’ concentration exceeded the 37% limit to approximately 37.9% of the average portfolio’s initial base