AWAS Aviation Capital Ltd. May 11

Standard & Poors, May 2011

Abstract
A large provider of aircraft operating leases; and A diversified fleet based on aircraft type and location of lessees. Exposure to the cyclical airline industry and fluctuations in aircraft values and rental rates; A weaker financial profile than some of its competitors; and A substantial percentage of assets are secured, which limits options for raising capital. The ratings on Dublin, Ireland-based AWAS Aviation Capital Ltd. reflect its position as a large provider of aircraft operating leases and its diversified fleet and airline customer base. Limiting credit considerations include exposure to cyclical demand and lease rates for aircraft, a weaker financial profile than some of its competitors, and a substantial percentage of encumbered assets, limiting options for raising capital. We characterize...

Companies mentioned in this report are: AWAS Aviation Capital Ltd.
Action: Review

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: Full Analysis

AWAS Aviation Capital Ltd.

Customers who bought this item also bought

• The Irish Defense Industry - Market Opportunities and Entry Strategies, Analyses and Forecasts to 2017
• Public Affairs Ireland Subscription Service
• The Irish Defense Industry - Competitive Landscape and Strategic Insights to 2017: Market Profile
• The Irish Defense Industry - Procurement Market Dynamics to 2017: Market Profile
• Army Expenditure in Ireland to 2017: Market Brief
• Navy Expenditure in Ireland to 2017: Market Brief
• The Irish Defense Industry - Market Opportunities and Entry Strategies Analyses and Forecasts to 2015
• The Irish Defense Industry - Industry Dynamics to 2017: Market Profile
• Defense Expenditure in Ireland to 2015 - Market Sizing and Forecasts: Market Profile
• The Irish Defense Industry - Market Attractiveness and Emerging Opportunities to 2017: Market Profile