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Fitch revises Aviation Capital view to negative
Fitch Ratings said it revised Aviation Capital Group LLC's outlook to negative from stable on increasing coronavirus-related risks, while affirming the long-term issuer default rating and senior unsecured debt ratings at BBB-.
Fitch cited an unprecedented decline in global air traffic because of precautions enacted to prevent the spread of the coronavirus. These precautions may lead to widespread lease deferrals/defaults, airline bankruptcies, aircraft repossessions and impairments absent abatement of the virus in the near- to intermediate-term and/or material sovereign intervention.
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