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S&P rates Aviation Capital notes A-
S&P said it assigned its A- issue-level rating to Aviation Capital Group LLC's proposed senior unsecured notes.
“Our corporate credit rating on ACG reflects the company's position as a major provider of aircraft operating leases and as an owner of new technology aircraft with relatively stable asset values. In addition, we take into account the inherent cyclicality of the company's demand and aircraft lease rates as well as the often weak credit quality of its airline customers,” S&P said in a news release.
ACG is a wholly owned subsidiary of Pacific Life Insurance Co.
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