Moody’s rates AWAS Finance loan Ba2

Moody's Investors Service said it assigned a rating of Ba2 to the proposed $234.8 million two-year secured term loan extension maturing 2018 issued by AWAS Finance Luxembourg SA and guaranteed by AWAS Aviation Capital Ltd. (AWAS).

The outlook is stable.

Moody’s said the rating of the loan is based on its terms, which include perfected security interests in commercial aircraft as well as security assignments of associated leases, and pledges of the ownership interests of the aircraft owning entities.

The loan is guaranteed by AWAS on a senior unsecured basis and is also guaranteed by the AWAS subsidiaries that own assets pledged in support of the loan on a senior secured basis. It is a two-year extension of an existing secured loan rated Ba2 and maturing in June 2016.

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