AviLease Obtains Investment Grade Ratings from Moody’s, Fitch

AviLease, a PIF company and aircraft lessor headquartered in Saudi Arabia, today announced in a press release that it has received investment grade corporate credit ratings of Baa2 with a stable outlook from Moody’s Ratings (Moody’s) and BBB with a stable outlook from Fitch Ratings (Fitch).
 According to the release, Moody’s and Fitch highlighted in their decisions that the ratings reflect AviLease’s high-quality portfolio of new-technology aircraft with a strong credit mix, its robust balance sheet, and the expectation that AviLease’s growth will make it among the largest players in the industry by 2030. The rating agencies also recognize the strategic role of AviLease in the execution of PIF’s strategy in the context of enabling the growth of Saudi Arabia’s aviation sector under Vision 2030.
 AviLease CEO Edward O'Byrne also said: "From day one, AviLease was set up with an investment grade profile in mind. Through the acquisition of the Standard Chartered Aviation platform, we have been able to accelerate our strategy by at least two years, establishing a robust platform of 200 owned and managed aircraft."
 "The ratings open the door for even greater financial flexibility. Achieving investment grade ratings in under three years since our establishment is a remarkable feat, and we believe it positions AviLease within a select group of lessors in the industry in record time. We are honored to see our efforts recognized by Moody’s and Fitch," he added.
 AviLease Chairman Fahad AlSaif commented: "The investment grade ratings from Moody’s and Fitch underscore the quality of our aircraft leasing platform both in terms of operational excellence and financial robustness. These ratings will enable AviLease to access global capital markets to finance its business strategies, positioning itself at the forefront of the aircraft leasing industry, in complete alignment with the National Aviation Strategy and Saudi Vision 2030."