Fitch Ratings has completed its periodic peer review of global aircraft lessors, which is comprised of nine rated firms. As part of the review, Fitch affirmed AerCap Holdings N.V.’s (AerCap) Issuer Default Rating (IDR) at ‘BBB and revised the Outlook to Positive from Stable.
Fitch has also affirmed the ratings and the Outlooks remains Stable for the following issuers:
--Air Lease Corporation’s (Air Lease) IDR at ‘BBB’/Outlook Stable;
--Avolon Holdings Limited’s (Avolon) IDR at ‘BBB-’/Outlook Stable;
--Castlelake Aviation Limited’s (Castlelake) IDR at ‘BB’/Outlook Stable;
--China Aircraft Leasing Group Holdings Limited’s (CALC) IDR at ‘BB+’/Outlook Stable;
--Dubai Aerospace Enterprise Ltd.’s (DAE) IDR at ‘BBB-’/Outlook Stable.
Fitch has affirmed the following ratings and Outlooks driven by shareholder support considerations:
--Aircastle Limited’s (Aircastle) IDR at ‘BBB’/Outlook Stable;
--BOC Aviation Limited’s (BOCA) IDR at ‘A-’/Outlook Stable;
--SMBC Aviation Capital Limited’s (SMBC AC) IDR at ‘A-’/Outlook Negative.