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S&P rates Macquarie AirFinance notes BB+
S&P said it assigned a BB+ issuer credit rating to Macquarie AirFinance Holdings Ltd. (MAHL) and assigned a BB+ issue-level rating and 3 recovery rating to its proposed senior unsecured notes.
The outlook is stable.
Macquarie AirFinance Holdings announced that it intends to issue $500 million of senior notes to partially pay down its secured debt facilities.
“The stable outlook reflects our expectation that MAHL's operating performance will improve gradually over the next few years, supported by the ongoing recovery in airline passenger traffic, stronger demand for aircraft, and the resumption of lease payments in full following the coronavirus pandemic,” S&P said in a news release.
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