Fitch Ratings assigned to Aircastle Ltd. a BBB- long-term issuer default rating, a BBB senior secured debt rating and BBB- senior unsecured debt rating.
The ratings outlook is stable.
Fitch said Aircastle has an established market position as a lessor of midlife and older commercial aircraft, enjoys strong funding profile, and has a favorable strategic relationship with Marubeni Corp., its largest shareholder.
Moreover, the rating agency noted that the company has enough liquidity to repay its near-term maturities.
