Amur Finance aircraft parts ABS on ratings watch

Kroll Bond Ratings Agency has placed Amur Consumables and Expendables Notes, Series 2014-1, an aircraft parts ABS transaction, on Watch Downgrade status. As of December 30, 2015, the portfolio is comprised of 180,000 unique line items and 14 million individual aircraft consumable parts with an appraised fair market value of $174.8 million. Since the transaction closed, total cash flow available for debt has been less than KBRA’s initial base case projections. KBRA will continue to monitor the transaction to determine whether a downgrade of either or both of the Notes is warranted. Click here for the report:  https://www.krollbondratings.com/show_report/4575