August 29, 2013
Air Lease Corporation assigned investment grade rating by Standard and Poor’s
Air Lease Corporation has been assigned an investment grade corporate credit rating of BBB- with a stable outlook by Standard and Poor’s Ratings Services. Additionally, ALC’s senior unsecured notes due in 2016, 2017, and 2020 will also carry the same BBB- rating. Standard & Poor’s highlighted in its press release that the BBB- rating reflects Air Lease Corporation’s position as a rapidly growing provider of aircraft operating leases, its ownership of young and diverse new-technology aircraft with stable asset values, and the expectation that ALC’s growth will make it among the largest players in the industry within the next few years. ALC’s low debt to equity ratio and strong interest coverage ratios were also key to the ratings outcome.