China Aircraft Leasing Group (CALC) has received a rating of “BB+” from Fitch Ratings to the US$300 million 4.7% bonds due 2022 and US$200 million 5.5% bonds due 2024 issued by its wholly-owned subsidiary CALC Bond 3 Limited. Moody’s Investors Service Pty Ltd (Moody’s) also assigned a Ba2 backed senior unsecured rating to the two bonds. The ratings of the existing bonds are in line with CALC’s Long-Term Issuer Default Rating (IDR) of “BB+” it previously received from Fitch. Fitch believes that the bonds are unconditionally and irrevocably guaranteed by CALC, and will at all times rank at least equally

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