Kroll Bond Rating Agency (KBRA) has reaffirmed the BBB+ issuer rating of Dubai Aerospace Enterprise and upgrades DAE’s senior unsecured debt rating from BBB to BBB+. Accordingly, KBRA has upgraded the ratings of the senior unsecured notes issued by DAE Funding LLC from BBB to BBB+. The Outlook on the ratings is Stable.KBRA has said the alignment of the senior unsecured rating to issuer rating reflects a significant increase in unencumbered assets coverage of unsecured debt which enhances unsecured debt recovery prospects.
This content is restricted to site members.
If you are an existing user, please login below.
New users may register below.