Kroll Bond Rating Agency (KBRA) affirms the issuer rating of BBB+ and the senior unsecured debt rating of BBB for Nordic Aviation Capital Designated Activity Company (NAC). The outlook for the ratings is Stable. The issuer rating of NAC, says KBRA, reflects the company’s strong, seasoned management team, valuable industry relationships with regional aircraft operators and manufacturers, substantial market share of leased turboprop and regional jet aircraft, successful execution on its growth plan and continued funding profile improvements. Additionally, KBRA incorporated NAC’s sound historical financial performance and stable aircraft leasing industry outlook into its analysis. Primary constraints include NAC’s higher

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