Standard & Poor’s Upgrades Aviation Capital Group

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By admin July 13, 2016 20:25

Standard & Poor’s Upgrades Aviation Capital Group

Standard & Poor’s Ratings Services has raised Aviation Capital Group’s (ACG) ratings, including the corporate credit rating to ‘A-’ from ‘BBB-’. The outlook is stable.

Among other considerations, S&P highlighted in its press release that the positive upgrade reflects ACG’s strong earnings and improved credit metrics and the expectation that this trend will continue.

“We are very pleased with S&P’s recognition of our performance and in the execution of our strategy,” said Khanh Tran, CEO of ACG. “We maintain a disciplined approach to investing in and managing aircraft assets. The continued improvement in our operating and credit metrics underscores our focus on long-term returns.”

admin
By admin July 13, 2016 20:25