Fitch affirms BOC Aviation

Fitch Ratings said it affirmed the long-term issuer default rating, senior unsecured debt and medium-term note program ratings of BOC Aviation Ltd. at A-.

The outlook is stable.

The agency said the affirmation reflects Fitch's continued expectation of a very high probability of extraordinary support from BOC Aviation's ultimate parent, Bank of China Ltd. (A/stable), if required.

This is based on BOC Aviation's strong links with Bank of China, which is evidenced by shared branding with its parent, high degree (70%) of ownership and level of board representation, cross-selling initiatives and contingency liquidity support, Fitch said.

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