S&P supports good performance of Global Jet Capital 2020, 2021 ABS portfolios

S&P Global Ratings has placed the notes issued in two of business aircraft finance provider Global Jet Capital’s (GJC) asset-backed security (ABS) transactions on CreditWatch with positive implications. GJC announced that S&P assigned the BJETS 2020-1 and BJETS 2021-1 issuances due to their portfolios’ stable performances “since the closing of such transactions and improvements in credit enhancements at the notes’ current rating levels resulting from faster-than-scheduled principal repayments”. “We believe these ratings reflect the strong performance of Global Jet Capital’s highly diversified portfolio and the importance of business aviation for our client base,” stated Vivek Kaushal, GJC’s chief executive. Global