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REG - Avation PLC Avation PLC - AVAW - CREDIT RATING UPGRADE

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RNS Number : 9753U  Avation PLC  04 August 2022

Via RNS and SGXNET

AVATION PLC

("Avation" or "the Company")

 

CREDIT RATING UPGRADE

 

Avation PLC (AVAP: LSE), the commercial passenger aircraft leasing company
advises that on August 4, 2022, S&P Global Ratings raised the long-term
issuer credit rating on Avation PLC to 'B-', with stable outlook, from 'CCC'
on improving capital structure and liquidity. At the same time, S&P raised
the issue rating on Avation Capital S.A.'s unsecured notes to 'CCC+' from
'CCC-', while maintaining a view of modest recovery prospects.

 

A full copy of the report is available at www.spglobal.com/ratingsdirect.

 

-ENDS-

Enquiries:

Avation PLC - Jeff Chatfield, Executive
Chairman
+65 6252 2077

 

Avation welcomes shareholder questions and comments and advises the email
address is: investor@avation.net

Notes to Editors:

Avation PLC is an aircraft leasing company, headquartered in Singapore, owning
and managing a fleet of commercial passenger aircraft which it leases to
airlines around the world. More information on Avation is available at
www.avation.net.

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