Fitch pulls AerCap watch

Fitch Ratings said it affirmed the long-term issuer default ratings of AerCap Holdings, NV and its rated subsidiaries at BBB- and removed the ratings from rating watch negative and assigned a stable outlook.

Concurrently, Fitch gave final BBB- ratings to AerCap Ireland Capital DAC and AerCap Global Aviation Trust's co-issuance of $21 billion of senior unsecured debt. The notes are guaranteed on an unsecured basis by AerCap and certain other guarantor subsidiaries.

“The removal of the RWN reflects Fitch's view that AerCap has made substantial progress toward acquiring term financing with the issuance of $21 billion of senior unsecured debt, along with drawing a portion of the $5 billion, term loan from the bridge credit agreement,” the agency said in a press release.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.