Press Release
BOC Aviation Rated A- by FitchFITCH
26 Jun 2012
BOC Aviation has been assigned a corporate credit rating of A- with stable outlook by Fitch Ratings. The Company is currently the only publicly rated aircraft leasing company assigned this investment grade rating by Fitch Ratings.
Mr. Robert Martin, Managing Director and Chief Executive Officer of BOC Aviation, said, “We are very honoured to receive an A- corporate credit rating from Fitch Ratings. We have been an active issuer of bonds in Singapore for over ten years on an unrated basis and this is the next step in our plan to broaden our access to both new bond markets and a wider range of investors.”
BOC International and Citigroup Global Markets Asia Limited acted as joint advisors to BOC Aviation on its inaugural credit rating.
BOC Aviation is the leading Asia-based aircraft leasing company with a portfolio of 188 modern aircraft operated by airlines worldwide. In addition, the Company has 63 aircraft on firm order. BOC Aviation has one of the youngest fleets in the industry with an average aircraft age of less than four years.
BOC Aviation is 100% owned by Bank of China, one of the largest banks in the world.
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For more information, please contact:
Elsie Ng
Tel: +65 6325 9638
[email protected]
www.bocaviation.com