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Update: Rating agencies rate ILFC’s term loan
10 February 2012
Moody’s and Standard & Poor’s (S&P) have rated International Lease Finance Corporation’s (ILFC) $900 million secured loan.
Read more:
International Lease Finance Corporation’s (ILFC)
900 million senior secured loan
Moody's
Standard&Poor's (S&P)
term loan
Flying Fortress
Bank of America Merrill Lynch
Deutsche Bank
International Lease Finance Corporation’s (ILFC) $900 million senior secured loan has been assigned ratings by two credit rating agencies. The loan will mature in 2017 and will be secured by a pool of older aircraft and leases.
Moody’s has assigned a Ba3 rating to the term loan. The assigned rating is one notch above ILFC’s B1 corporate family rating because the loan is secured.
In a report, Moody's says the new secured loan will be issued by Flying Fortress, an ILFC subsidiary.
“Because the term loans do not include a direct pledge of aircraft, Moody’s believes...
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