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AerFi Group PLC Ratings Withdrawn After Being Acquired Nov 00
Standard & Poors, Nov 2000
Abstract
NEW YORK (Standard & Poor's CreditWire) Nov. 28, 2000--Standard & Poor's today withdrew its ratings on AerFi Group PLC, and removed the ratings from CreditWatch, where they were placed with positive implications Sept. 22, 2000 (see list below). The rating withdrawal is based on the modest amount ($32 million as of the fiscal year ended March 31, 2000) of rated debt that remains outstanding. AerFi has been acquired by unrated debis AirFinance NV, whose $750 million bid to purchase AerFi prompted the CreditWatch placement. Shannon, Ireland-based AerFi, formerly GPA Group Ltd., is a medium-size provider of aircraft operating leases. Debis AirFinance, based near Amsterdam, The Netherlands, is a rapidly growing aircraft operating lessor that is 45% owned by various entities...
Companies mentioned in this report are: Dresdner Bank AG,Bayerische Landesbank,Daimler AG,UniCredit Bank AG,Deutsche Genossenschafts-Hypothekenbank AG
Action: Withdrawn
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.
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