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Moody’s eyes AerCap, others for cut
Moody’s Investors Service said it placed the ratings of the following aircraft leasing companies on review for downgrade: AerCap Holdings NV, Aircastle Ltd., Aviation Capital Group LLC, Avolon Holdings Ltd. and DAE Funding LLC.
“Ratings placed on review for downgrade reflect Moody’s expectation that recovery in the severely disrupted passenger airline industry will be slower to develop than originally anticipated, increasing lessors’ financial performance risks,” Moody’s said in a press release.
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