Fitch Rates BOC Aviation’s CNH Senior Notes A-

Fitch Ratings has assigned BOC Aviation CNY1.5bn 4.2% senior unsecured notes due 2018 a final rating of ‘A-‘. The notes, which are denominated in offshore yuan or CNH, are issued under the aircraft leasing company’s US$5bn euro medium-term note programme. This follows the completion of the notes issue and receipt of final documentation conforming to information already received. The final rating is same as the expected rating assigned on 29 October 2014. Proceeds from the senior notes would be used for the company’s capital expenditure and general corporate purposes. The notes are rated at the same level as BOC Aviation’s