Fitch Ratings has completed its periodic peer review of aircraft lessors, which is comprised of seven rated firms. As part of the review, Fitch affirmed the following ratings and revised the Rating Outlooks to Stable from Negative: Air Lease Corporation’s (ALC) Issuer Default Rating (IDR) affirmed at ‘BBB’/Stable Avolon IDR affirmed at ‘BBB-’/Stable Dubai Aerospace Enterprise’s (DAE) IDR affirmed at ‘BBB-’/Stable Fitch has affirmed the following ratings and maintained the Outlooks, driven by institutional support considerations: Aircastle’s IDR affirmed at ‘BBB’/Stable; BOC Aviation’s IDR affirmed at ‘A-’/Stable; SMBC Aviation Capital’s IDR affirmed at ‘A-’/Negative. Fitch has also maintained AerCap ‘BBB-’

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