Nordic Aviation Capital (NAC) was upgraded to a BBB+ issuer rating and an unsecured debt rating of BBB. Both investment grade ratings were assigned by Kroll Bond Rating Agency. This development comes less than six months after NAC was initially assigned a BBB issuer rating in January of this year.
The BBB+ issuer rating reflects the successful integration of the Jetscape and Aldus acquisitions and the continued financial strength of NAC.
“We are very satisfied with the decision to upgrade our credit rating and with the increased access that it provides to even more diverse financing opportunities,” Managing Director and Head of Global Treasury Stephen Gorman said in a brief statement to the published credit rating.
Søren M. Overgaard, the CEO, said “We are pleased to announce that Kroll Bond Rating Agency has upgraded our previous rating. Our ascent from BBB to BBB+ in less than six months is a testament to our rapidly expanding regional market presence and the firm confidence in our ability to continue this growth in the coming years.”