General Announcement::Credit Rating Upgraded to BB- By S&P

Issuer & Securities

Issuer/ Manager
AVATION CAPITAL S.A.
Securities
AVATIONCAP US$300M6.5%210515A - US05351CAA53 - 8ULB
AVATIONCAP US$300M6.5%210515R - USL56473AA67 - 8UMB
AVATIONCAP US$50M6.5%210515RT - USL56473AB41 - PHMB
Stapled Security
No

Announcement Details

Announcement Title
General Announcement
Date &Time of Broadcast
02-Oct-2019 17:46:00
Status
New
Announcement Sub Title
Credit Rating Upgraded to BB- By S&P
Announcement Reference
SG191002OTHR7M5M
Submitted By (Co./ Ind. Name)
Duncan Scott
Designation
Group General Counsel
Description (Please provide a detailed description of the event in the box below)
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
Jeff Chatfield, Executive Chairman T: +65 6252 2077

Avation welcomes shareholder questions and comments and advises the email address is: investor@avation.net.

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.