Kroll Bond Rating Agency (KBRA) has upgraded by a notch all tranches of notes issued in Global Jet Capital’s (GJC) Business Jet Securities (BJETS) 2020-1 and BJETS 2021-1 transactions. GJC said that KBRA”considered key performance metrics such as changes in delinquent or defaulted contracts, cumulative net loss utilisation and debt service coverage, and loan-to-value ratios” in its assessment of the transactions. All classes of notes in BJETS 2020-1 and BJETS 2021-1 have received timely interest and scheduled principal payments since the closing of such transactions, GJC added. “These rating upgrades are a testament to the stellar performance of Global Jet

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