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Rotor Engines Securitization Ltd. Series 2011-1 Notes Assigned Preliminary Ratings May 11 Product Image

Rotor Engines Securitization Ltd. Series 2011-1 Notes Assigned Preliminary Ratings May 11

  • Published: May 2011
  • Standard & Poors

Abstract
OVERVIEW Rotor Engines Securitization Ltd. series 2011-1 notes are backed by the lease revenue and sales proceeds from a portfolio of aircraft engines. We assigned our preliminary ratings on the series A and B notes. The ratings reflect our opinion of the aircraft engine collateral's value; the transactions' projected cash flow; the subordination available to the notes; the legal structure of each deal; senior and junior reserve accounts; and the servicers' demonstrated servicing ability. NEW YORK (Standard & Poor's) May 26, 2011--Standard & Poor's Ratings Services today assigned its preliminary ratings to Rotor Engines Securitization Ltd.'s $290 million fixed-rate notes series 2011-1 (see list). The preliminary ratings are based on information as of May 26, 2011. Subsequent information may result...

Companies mentioned in this report are: Rotor Engines Securitization Ltd.
Action: Preliminary Rating

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Rotor Engines Securitization Ltd.

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