NAC assigned a BBB investment grade credit rating by Kroll

Eleanor Steed
By Eleanor Steed January 14, 2017 12:11

NAC assigned a BBB investment grade credit rating by Kroll

Nordic Aviation Capital DAC, the Ireland based group parent company of NAC, successfully has announced its successful publishing of its BBB investment grade credit rating assigned by Kroll Bond Rating Agency.

The rating has been obtained to further expand and diversify NAC’s access to debt financing reflecting its long term corporate strategy, which the lessors describes in a press release as “a natural progression following last year’s acquisition of Jetscape and Aldus as well as NAC’s identified scope for continued growth as the clear market leader in the regional space.”

“I am satisfied with the credit rating now assigned and believe we are now in an even stronger position to take advantage of the various financing options available to NAC,” Managing Director and Head of Global Treasury Stephen Gorman says in a brief statement to the published credit rating.

CEO Søren M. Overgaard says: “The BBB rating achieved is another solid testament to NAC’s strong franchise within the financial markets and reflects not only the unprecedented track record of NAC but also the firm confidence in the regional aircraft leasing market and NAC’s ability to continue to lead this market in the years to come.”

Eleanor Steed
By Eleanor Steed January 14, 2017 12:11