CALC receives AAA rating from Dagon Global

China Aircraft Leasing has received a AAA corporate credit rating by Chinese outfit Dagong Global Credit Rating, the first time the lessor has received such a rating. It also, according to CALC, the first triple A corporate rating Dagong Global has assigned to an operating aircraft lessor against a backdrop of the Covid-19 pandemic. After conducting due diligence on CALC’s asset quality, business model, operating capabilities, financial strength, shareholder background, governance standards and track record, Dagong Global outlined its assessments in a ratings report which said that the firm has established a sufficient aircraft order book and has assembled diversified financing