Fitch revises Avolon view to stable

Fitch Ratings said it changed Avolon Holdings Ltd.’s outlook to stable from negative and affirmed the BBB- the long-term issuer default rating on Avolon and its subsidiaries, the senior secured debt at BBB and the senior unsecured debt at BBB-.

“The revision of Avolon's outlook to stable from negative reflects Fitch's belief that despite an expectation for an uneven and slow recovery for the global commercial aviation industry following the unprecedented downturn in 2020, the company will maintain sufficient headroom relative to Fitch's downgrade triggers for liquidity coverage and debt to tangible equity leverage over the outlook horizon,” the agency said in a press release.

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