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S&P rates Aviation Capital BBB
Standard & Poor's said it assigned its BBB corporate credit rating to Aviation Capital Group Corp.
The outlook is stable.
"The rating on Aviation Capital reflects its position as a major provider of aircraft operating leases, ownership of new-technology aircraft with relatively stable asset values, and potential support from its parent company," said S&P credit analyst Betsy R. Snyder.
According to the agency, Aviation Capital is owned by Pacific Life Insurance Co. (A+/stable/A-1), which is in turn owned by Pacific LifeCorp, (BBB+/stable).
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