Portafogli e Strategie (investimento) Investment Grade, entro le frontiere conosciute.


Avolon Holdings Ltd. Rating Raised To 'BBB-' From 'BB+' On Reduced Encumbered Assets; Outlook Stable
  • 12-Apr-2019 18:01 EDT
View Analyst Contact Information


  • Avolon Holdings Funding Ltd., a wholly owned subsidiary of aircraft
    operating lessor Avolon Holdings Ltd., has issued $2.5 billion of
    unsecured notes; most of the proceeds will be used to repay secured debt,
    which will result in its secured debt as a percentage of total assets
    declining to about 30%
  • This level is similar to 'BBB-' rated aircraft operating lessors.
  • We are therefore raising our ratings on Avolon, including the issuer
    credit rating, to 'BBB-' from 'BB+' and removing the ratings from
    CreditWatch, where we placed them with positive implications on April 10,
    2019.
  • The outlook is stable, reflecting our expectation that Avolon's earnings
    and cash flow will continue to benefit from the growth of its aircraft
    fleet and the strong demand for aircraft, with EBIT interest coverage in
    the mid-1x area and funds from operations (FFO) to debt of 9%-10% through
    2020.
 

Poland 'A-/A-2' Ratings Affirmed; Outlook Stable
  • 12-Apr-2019 16:12 EDT
View Analyst Contact Information
  • Table of Contents
Overview
  • Rising real wages, EU funded public investment, and budgetary stimulus should support solid GDP growth this year
  • External risks are on the rise, however, including an economic slowdown in Germany, Poland's largest export market.
  • We are affirming our 'A-/A-2' ratings on Poland with a stable outlook.
Rating Action

On April 12, 2019, S&P Global Ratings affirmed its 'A-/A-2' foreign currency long- and short-term sovereign credit ratings on Poland, and its 'A/A-1' local currency long- and short-term sovereign credit ratings. The outlook is stable.
 
You must log in or register to reply here.

Users who are viewing this thread

Total: 1 (members: 0, guests: 1)
Back
Alto