AerCap Receives Investment Grade Rating from Fitch
(Thomson Reuters ONE) -
Second Rating for AerCap
Amsterdam, The Netherlands; April 24, 2012 - AerCap Holdings N.V. ("AerCap,"
"the Company," NYSE: AER) today announced that it has received an investment
grade corporate credit rating of BBB- with a stable outlook from Fitch Ratings
("Fitch").
This is the second investment grade rating AerCap has received following its
BBB- rating from Standard and Poor's Ratings Services in March this year. In
addition to the corporate rating for AerCap Holdings N.V., Fitch has also
assigned senior secured debt ratings of 'BBB' to several of AerCap's financing
subsidiaries.
Aengus Kelly, CEO of AerCap said: "The attainment of the Fitch investment grade
rating is a testament to the industry leading results of AerCap and should
enable the Company to access the true unsecured funding market."
Fitch highlighted in its press release that the BBB- rating reflects AerCap's
relatively low leverage, attractive aircraft fleet, diverse customer base,
consistent operating performance, strong competitive positioning, and solid
management team. AerCap's conservative approach to managing its capital
structure and leverage was also one of the key factors underpinning the rating.
Additional information regarding AerCap's rating assignment can be found in
Fitch's press release dated April 24, 2012 available on Fitch's website at
www.fitchratings.com. None of the information on Fitch's website, including the
press release, is incorporated by reference into or is otherwise a part of this
press release. The rating is subject to revision or withdrawal at any time by
the rating agency and is not a recommendation to buy, sell or hold securities.
About AerCap
AerCap is the world's leading independent aircraft leasing company and has one
of the youngest fleets in the industry. AerCap has a portfolio of 350 aircraft,
with a focus on modern and fuel-efficient narrowbodies and widebodies. AerCap is
a New York Stock Exchange-listed company (AER) headquartered in the Netherlands
and with offices in Ireland, the United States, China, Singapore and the United
Arab Emirates.
This press release may contain forward-looking statements that involve risks and
uncertainties. In most cases, you can identify forward-looking statements by
terminology such as "may", "should", "expects", "plans", "anticipates",
"believes", "estimates", "predicts", "potential" or "continue" or the negative
of such terms or similar terminology. Such forward-looking statements are not
guarantees of future performance and involve significant assumptions, risks and
uncertainties, and actual results may differ materially from those in the
forward-looking statements.
For Media: For Investors:
Frauke Oberdieck Peter Wortel
Tel. +31 20 655 9616 Tel. +31 20 655 9658
foberdieck(at)aercap.com pwortel(at)aercap.com
www.aercap.com
AerCap Fitch Rating April 2012:
http://hugin.info/149317/R/1605450/508443.pdf
This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: AerCap Holdings N.V. via Thomson Reuters ONE
[HUG#1605450]
Unternehmensinformation / Kurzprofil:
Datum: 24.04.2012 - 17:41 Uhr
Sprache: Deutsch
News-ID 138757
Anzahl Zeichen: 3993
contact information:
Town:
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Kategorie:
Business News
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"AerCap Receives Investment Grade Rating from Fitch"
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