SMBC Aviation Capital receives ‘A-’ rating from Fitch

SMBC Aviation Capital’s credit ratings have been upgraded to ‘A-’ from ‘BBB+’ by Fitch Ratings (Fitch). The upgrade reflects Fitch’s recognition of SMBC Aviation Capital’s proven track record of profitability and integrated strategy with its majority shareholder Sumitomo Mitsui Financial Group (SMFG), in its five years of ownership, says the lessor in a press release. Fitch also highlighted the quality of SMBC Aviation Capital’s aircraft fleet, being comprised of young, in-demand, fuel-efficient narrow body aircraft, the Company’s ability and discipline to execute aircraft sales through various market environments and its direct order book, which will transition its portfolio to new