Fitch affirms SMBC Aviation

Fitch Ratings said it affirmed SMBC Aviation Capital Ltd.'s long-term issuer default at A- and SMBC Aviation Capital Finance DAC's long-term issuer default rating and senior unsecured notes ratings at A-.

The outlook is stable.

Fitch said the actions are in conjunction with its aircraft leasing industry peer review.

The agency said the affirmations primarily reflect the continued institutional support linkage between SMBC Aviation and Sumitomo Mitsui Financial Group, Inc. (A/stable), which has 66% beneficial ownership of SMBC Aviation.

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