General Announcement::CREDIT RATING UPGRADE

Issuer & Securities

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

Announcement Details

Announcement Title
General Announcement
Date &Time of Broadcast
05-Aug-2022 18:03:10
Status
New
Announcement Sub Title
CREDIT RATING UPGRADE
Announcement Reference
SG220805OTHRYJUR
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 (AVAP: LSE), the commercial passenger aircraft leasing company advises that on August 4, 2022, S&P Global Ratings raised the long-term issuer credit rating on Avation PLC to 'B-', with stable outlook, from 'CCC' on improving capital structure and liquidity. At the same time, S&P raised the issue rating on Avation Capital S.A.'s unsecured notes to 'CCC+' from 'CCC-', while maintaining a view of modest recovery prospects.

A full copy of the report is available at www.spglobal.com/ratingsdirect.

-ENDS -

Enquiries:
Avation PLC - Jeff Chatfield, Executive Chairman +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 to airlines around the world. More information on Avation is available at www.avation.net .