- Language: English
- 303 Pages
- Published: February 2013
- Region: Global
Summary: Aviation Capital Group Corp. Jan 12
- Published: January 2012
- Standard & Poors
The rating on Newport Beach, Calif.-based Aviation Capital Group Corp. (ACG) reflects its position as a major provider of aircraft operating leases and its ownership of new-technology aircraft with relatively stable asset values. Inherent risks of cyclical demand and lease rates for aircraft, as well as a substantial percentage of encumbered assets, limit the credit rating. Standard & Poor's Ratings Services characterizes ACG's business risk profile as "satisfactory" and its financial risk profile as "intermediate" under our criteria. The ratings on ACG do not incorporate an explicit parental guarantee from its parent, Pacific Life Insurance Co. (A+/Negative/A-1), owned by Pacific LifeCorp (BBB+/Negative/--). However, we give one notch of credit for potential support from the higher-rated parent. On Jan. 1, 2010,...
Companies mentioned in this report are: Aviation Capital Group Corp.
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Aviation Capital Group Corp.