Fitch rates ABCL Glory notes A

Fitch Ratings said it assigned a final rating of A to ABCL Glory Capital Ltd.’s $500 million guaranteed senior notes.

The notes are due in 2021.

ABCL Glory is an offshore special-purpose vehicle wholly owned by ABC Leasing International Corp. Ltd., but under the management control of ABC Financial Leasing Corp. Ltd.

The assignment of the final ratings follows the completion of the bond issuance and receipt of documents conforming to the information previously received, Fitch said.

The final ratings are in line with the expected rating of A assigned June 6, the agency said.

The company’s other ratings are unaffected, included its long-term issuer default rating of A, short-term issuer default rating of F1 and viability rating of BB, Fitch said.

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