Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers C > Headlines for Castlelake Aviation Finance DAC > News item |
KBRA alters Castlelake view to stable
KBRA said it changed its outlook for Castlelake Aviation Ltd. to stable from negative and affirmed the company’s BB+ issuer rating. The agency also affirmed the BBB- rating on the senior secured term loan B issued by Castlelake Aviation One DAC and the BB+ rating on the senior unsecured notes issued by Castlelake Aviation Finance DAC. Castlelake Aviation Ltd. guarantees the loan and the notes.
“The change in outlook to stable reflects the strong recovery in global passenger air traffic, CA’s performing lessee base with strong cash collections rates (99% in 2Q22), CA’s investment focus on new and young in-demand aircraft, a strong contracted near-term pipeline which is expected to improve portfolio diversity, long-term leases with minimal near-term remarketing requirements, acceptable leverage and adequate available liquidity,” KBRA said in a press release.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.