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Published on 5/9/2014 in the Prospect News Emerging Markets Daily.

Fitch rates BOC Aviation notes A-

Fitch Ratings said it has assigned BOC Aviation Pte Ltd.'s $300 million of 3.875% senior notes due 2019 a final rating of A-.

The notes are issued under the aircraft leasing company's $5 billion euro medium-term note program.

The agency said that the notes are rated at the same level as BOC Aviation's A- long-term issuer default rating.

The issuer default rating, presently on a stable outlook, reflects Fitch's view of a very high probability of extraordinary support to BOC Aviation from its ultimate parent, Bank of China Ltd. (A/stable).


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