Fitch Ratings revises Avolon’s outlook from stable to positive

Fitch Ratings has affirmed the Long-Term Issuer Default Ratings (IDRs) and revised the rating outlook for Avolon Holdings and its subsidiaries to Positive from Stable. Avolon Holdings subsidiaries include Avolon Holdings Funding Limited, Park Aerospace Holdings Limited, Avolon TLB Borrower 1 (Luxembourg) S.a.r.l. and Avolon TLB Borrower 1 (US) LLC. In addition, Fitch has affirmed the senior secured debt issued by Avolon’s various wholly-owned subsidiaries at ‘BBB’ and senior unsecured debt at ‘BBB-‘. Fitch has also assigned expected ratings of ‘BBB(EXP)’ to the incremental term loan B-6 tranche co-issued by Avolon TLB Borrower 1 (Luxembourg) S.a.r.l. and Avolon TLB Borrower