Fitch shifts Air Lease view to stable

Fitch Ratings said it changed Air Lease Corp.’s outlook to stable from negative and affirmed its BBB long-term issuer and senior unsecured debt ratings. The agency also affirmed the preferred shares’ BB+ rating.

“The revision of Air Lease's rating outlook to stable from negative reflects Fitch's belief that the company will maintain sufficient headroom relative to Fitch's downgrade triggers for liquidity coverage and debt to tangible equity leverage over the rating outlook horizon, despite Fitch's expectation of an uneven and slow global recovery for the global commercial aviation industry following the unprecedented downturn in 2020,” the agency said in a press release.

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