Avolon’s senior unsecured debt rating increased by KBRA

Avolon Aviation Consultancy has announced that Kroll Bond Rating Agency (KBRA) has upgraded its senior unsecured debt rating from BBB to BBB+, aligning it with the issuer rating. The alignment to issuer rating of BBB+ is driven by the significant progress Avolon has made in reducing the amount of secured funding. A statement from KBRA said: “The upgrade is further supported by the company’s strong credit metrics as well as its improved ownership and governance structure. In KBRA’s view, the increase in unencumbered assets, is an important component of reducing the constraints to liquidity in stress scenarios further strengthening Avolon’s