|
|
 |
|
Viewing report
|
|
|
|
AerCo Ltd. Ratings Lowered And Affirmed
Standard & Poors, May 2011
Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
Research type: News
This product is a is a brief one-page announcement of no more than 500 words with a quote from the analyst. It is media and investor focused with no accompanying commentary article.
Abstract
OVERVIEW AerCo Ltd. is an ABS transaction collateralized primarily by the lease revenue and sales proceeds from commercial aircraft. We lowered our rating on the class A3 notes to 'BB- (sf)' from 'BB (sf)'. We revised our outlook to stable from negative on the A3 notes. We also affirmed our 'A- (sf)' rating on the class A4 notes. The ratings reflect our opinion of the aircraft collateral's quality, the projected cash flow, the subordination to the notes, the transaction's legal structure, and the servicers' demonstrated servicing ability. NEW YORK (Standard & Poor's) May 9, 2011--Standard & Poor's Ratings Services today lowered its rating on the class A3 notes from AerCo Ltd. to 'BB- (sf)' from 'BB (sf)' and revised our...
Companies mentioned in this report are: AerCo Ltd.
Action: Affirmed
Action: Downgraded
Action: Outlook: Stable
|
|
|
|
