Moody’s rates Fortress Transportation, notes B1

Moody's Investors Service said it assigned a B1 corporate family rating to Fortress Transportation and Infrastructure Investors LLC and a B1 rating to its proposed $250 million senior notes issuance.

The outlook is stable.

Moody’s said the B1 ratings incorporate the company's small but growing franchise and attractive returns in aircraft and aircraft engine leasing, performance risks associated with investments in infrastructure projects still in the developmental phase, strong capital position and limited alternate liquidity.

Fortress will use the proceeds to refinance loans used to acquire commercial aircraft and engines, make further aviation acquisitions, and expand development of its Jefferson Terminal and Repauno Delaware Port properties.

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