Irish lease servicer Orix Aviation has continued to hold a strong overall ranking from S&P Global Ratings.
The outlook is stable and the ranking by S&P Global Ratings reflects ORIX Aviation's expertise and track record in effectively managing a diversified portfolio of aircraft leases.
It also reaffirms that Orix Aviation has demonstrated ability to grow its leasing portfolio, and showcases a continued investment in technology including enhancement to its sound lease management platform as well as a streamlined lease administration workflows, including further enhancements to an already solid watchlist process and more proactive monitoring of lessees in financial distress or default.
A statement from S&P Global Ratings said: "The company has well-established lease administration operations. We expect ORIX Aviation to maintain its servicing standards at this level. The company continues to closely monitor the developments relating to the Boeing 737 MAX aircraft that was taken out of service by the Federal Aviation Administration earlier this year due to safety issues.