General Announcement::Credit Rating Outlook Revised to Positive

Issuer & Securities

Issuer/ Manager
AVATION CAPITAL S.A.
Securities
AVATIONCAPUS$100M7.5%N200527A - US05351QAA40 - 29YB
AVATIONCAPUS$100M7.5%N200527R - USL5647NAA20 - 29ZB
Stapled Security
No

Announcement Details

Announcement Title
General Announcement
Date &Time of Broadcast
17-Apr-2018 17:18:03
Status
New
Announcement Sub Title
Credit Rating Outlook Revised to Positive
Announcement Reference
SG180417OTHRUIQ8
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 announces that S&P Global Ratings ("S&P") has issued a research update on the Company.

On April 16, 2018, S&P revised its outlook on Avation PLC to positive from stable. S&P also affirmed their 'B+' long-term issuer credit rating on Avation. At the same time, S&P affirmed their 'B' long-term issue rating on the medium-term notes (MTN) program that Avation guarantees and the US$150 million senior unsecured notes under the program.

The full text of the S&P research update may be viewed at the press release section of www.standardandpoors.com.

Attachments

AVAP_RNS_Credit_Rating_Outlook_Revised_to_Positive_16Apr18.pdf
Total size =381K