Avation PLC CREDIT RATING UPGRADED TO BB- BY S&P (4937O)

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RNS Number : 4937O

Avation PLC

02 October 2019

AVATION PLC

("Avation" or "the Company")

CREDIT RATING UPGRADED TO BB- BY S&P

Avation PLC (LSE: AVAP), the commercial passenger aircraft leasing company advises that S&P Global Ratings ("S&P") has published a research update on the Company and has upgraded the Company's issuer default rating to BB- (stable outlook).

S&P are also raising the issue rating for Avation Capital S.A.'s $350 million Senior Notes due 2021 issued under the Company's Global Medium-Term Note Program from B+ to BB-.

-ENDS-

Enquiries:

 
 Avation                                 T: [phone] 
  Jeff Chatfield, Executive Chairman 
 

Avation welcomes shareholder questions and comments and advises the email address is: [e-mail].

Notes to Editors:

Avation PLC is an aircraft leasing company, headquartered in Singapore, owning and managing a fleet of commercial passenger aircraft which it leases airlines around the world.

More information on Avation is available at www.avation.net.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [e-mail] or visit www.rns.com.

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(END) Dow Jones Newswires

October 02, 2019 04:50 ET (08:50 GMT)