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S&P rates Air Lease notes BBB
S&P said it assigned its BBB issue-level rating to Air Lease Corp.'s proposed senior unsecured notes due 2022 and 2028.
“Our BBB corporate credit rating on Air Lease reflects the company's position as a mid-tier – albeit rapidly growing – provider of aircraft operating leases, its young and diverse aircraft fleet, and its relatively low debt leverage for an aircraft lessor. The inherent cyclicality of aircraft lease rates and the often weak credit quality of the company's airline customers partly offset these strengths,” S&P said in a news release.
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