SMBC Aviation Capital has revealed that its issuer credit rating and senior unsecured rating has been upgraded to ‘A-’ from ‘BBB+’ by S&P Global Ratings (S&P). This, alongside the company’s A- rating from Fitch means that SMBC Aviation Capital holds the joint highest rating of any company in the aircraft leasing industry. The change was prompted by the announcement yesterday (November 29) that the company received a $1 billion capital contribution from its shareholders, Sumitomo Mitsui Financial Group (SMFG) and Sumitomo Corp. comprising of $700 million of equity from and a $300 million subordinated loan. Commenting on the capital, Peter

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