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Published on 3/24/2020 in the Prospect News Bank Loan Daily and Prospect News Investment Grade Daily.

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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