Moody’s Upgrades Avolon Credit Ratings

Moody's Investors Service upgrades Avolon corporate credit rating to Ba2

DUBLIN & HONG KONG--(BUSINESS WIRE)-- Avolon, the international aircraft leasing company, announces that credit rating agency Moody’s Investors Service (Moody’s) has upgraded its corporate credit rating on Avolon Holdings Limited to Ba2 with a stable outlook.

Moody’s has also upgraded the senior secured ratings of Avolon TLB Borrower 1 (US) LLC and Avolon TLB Borrower 1 (Luxembourg) S.a.r.l. to Ba1 from Ba2, and the senior unsecured rating of Park Aerospace Holdings Limited to Ba3 from B1. The outlook for each of these ratings is also stable.

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About Avolon

Headquartered in Ireland, with offices in the United States, Dubai, Singapore, Hong Kong and Shanghai, Avolon provides aircraft leasing and lease management services. Avolon is a wholly-owned, indirect subsidiary of Bohai Capital Holding Co., Ltd., a Chinese public company listed on the Shenzhen Stock Exchange (SLE: 000415). Avolon is the world’s third largest aircraft leasing business with a pro-forma owned, managed and committed fleet, as of 30 June, 2017 of 921 aircraft valued at over US$46 billion.

Website: www.avolon.aero

Twitter: @avolon_aero

View source version on businesswire.com: http://www.businesswire.com/news/home/20170908005854/en/

Avolon
Andrew Synnott, +353 1 231 5851
VP of Investor Relations
[email protected]
or
Sean Pattwell, +353 1 556 4454
Head of Communications
[email protected]
or
FTI Consulting
Jonathan Neilan, +353 86 231 4135
[email protected]

Source: Avolon

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