Fitch affirms Avolon

Fitch Ratings said it affirmed the long-term issuer default rating of Avolon Holdings Ltd. and its wholly owned subsidiaries at BBB-, the senior secured debt at BBB and the senior unsecured debt at BBB-. The outlook is stable.

The agency said the actions are being taken in conjunction with a broader aircraft leasing industry peer review.

“The rating affirmation reflects Avolon's high quality commercial aircraft portfolio; scale and franchise strength as one of the world's largest aircraft leasing companies; robust risk controls; strong profitability; appropriate leverage; sufficient liquidity; improved funding; and strong management track record,” the agency said in a news release.

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