Fitch: BOC Aviation notes A-

Fitch Ratings said it assigned a final rating of A- to BOC Aviation Pte. Ltd.'s ¥1 billion 4½% senior notes due 2018 issued under its $2 billion euro medium-term note program.

This follows the completion of the notes issue and receipt of final documents conforming to information previously received.

The final rating is the same as the expected rating assigned Nov. 13, Fitch said.

The notes are rated at the same level as BOC Aviation's A- long-term issuer default rating. This is because the notes constitute direct, unsubordinated and senior unsecured obligations of the company, the agency said, and rank equally with all its other unsecured and unsubordinated obligations.

The ratings and stable outlook reflects the very high probability of extraordinary support to BOC Aviation from its ultimate parent, Bank of China Ltd., Fitch said.

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