CDB Leasing MTN programme rated A by Fitch

Fitch Ratings has assigned an expected rating of ‘A+(EXP)’ to CDB Leasing US$3 billion medium-term note (MTN) programme set up under CDBL Funding 1. Fitch has also assigned an expected rating of ‘A+(EXP)’ to the senior unsecured US dollar notes to be issued by CDBL Funding 1 under the programme in October 2017. The proposed notes will be guaranteed by CDB Aviation Lease Finance Designated Activity Company (CDBALF) with a keepwell deed and deed of asset purchase undertaking provided by CDB Leasing. Under the programme, CDBL Funding 1, an offshore special purpose vehicle (SPV) wholly owned by CDBALF, can issue