Moody’s reviews AWAS Aviation, rates B1

Moody's Investors Service said it assigned a B1 issuer rating to AWAS Aviation Capital DAC and placed its ratings and the ratings of its issuing subsidiaries on review for upgrade after the company's private equity sponsor Terra Firma and co-investors including Canada Pension Plan Investment Board announced that they had entered into an agreement to sell AWAS to Dubai Aerospace Enterprises Ltd. for an undisclosed sum.

These ratings include AWAS' Ba3 corporate family rating and the Ba2 secured debt ratings of AWAS Finance Luxembourg SA and AWAS Finance Luxembourg 2012 SA.

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