Avolon’s outlook has been upgraded by S&P Global Ratings for its issuer and senior unsecured rating of BBB- from stable to positive.
“The upgrades from Fitch and Moody's reflect our continued strong financial performance and disciplined growth,” said Avolon CFO Ross O'Connor. “These improved ratings highlight the strength of our balance sheet and high levels of liquidity, positioning us to build on our financial success to date.”
Earlier this month Fitch Ratings upgraded Avolon’s rating from BBB- to BBB, and Moody’s Ratings upgraded Avolon from Baa3 to Baa2.
In addition, KBRA upgraded Avolon's outlook to positive in March 2025. The agency said this reflects Avolon's “strengthened earnings metrics” since the pandemic with “continued expected improvement” driven by tailwinds in the industry.