Fitch to rate BOC Aviation notes A-

Fitch Ratings said it expects to assign an A- rating to BOC Aviation Ltd.’s proposed three-year floating-rate notes.

The issuance size, maturity and floating rate of interest will be determined at the time of issuance.

BOC Aviation plans to use the proceeds for capital expenditures and general corporate purposes.

The notes will be issued under the company's existing $10 billion global medium-term note program.

The notes are equalized with BOC Aviation's long-term issuer default rating and existing senior unsecured debt. Fitch said this is because the notes will constitute direct, unsubordinated and senior unsecured obligations of the company and will rank equally with all its other unsecured and unsubordinated obligations.

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