S&P rates International Lease notes BBB-

Standard & Poor's said it assigned a BBB- rating to International Lease Finance Corp.'s senior notes due in 2022.

The outlook is stable.

The proceeds will be used for general corporate purposes, including repayment of debt and the purchase of aircraft.

The ratings reflect the company's position as one of the two largest global aircraft lessors and its improved liquidity following a substantial amount of debt refinancing since 2010, S&P said.

The agency said it expects the company to continue its satisfactory cash generation as demand for aircraft leasing improves gradually, barring weaker-than-expected economic conditions, particularly in Europe, the agency said.

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