CALC has received its first long-term credit rating of Ag- by China Chengxin (Asia Pacific) Credit Ratings Company (CCXAP), with a stable outlook.
This marks CALC’s first investment-grade international rating of Ag-, which was assigned based on financial rating methodology under CCXAP’s Asia-Pacific global scale rating system.
“It is a significant step for CALC in becoming an international investment-grade issuer,” said Conrad Li, executive director, chief financial officer and chief strategy officer of CALC.
“This rating reflects recognition of CALC’s leading market position, asset quality and goodwill, as well as the expected profit recovery during the interest rate cut cycle. It is beneficial for enhancing CALC’s image in the international capital markets and achieving long-term development value,” he added.
The company noted that the rating is underpinned by factors such as the recovery of the global aviation industry, the company’s market position in China’s aircraft leasing industry and a narrowbody-focused fleet.