Air Lease Corporation’s Outlook Revised to Positive by Standard and Poor’s
27 October 2015 - 9:33PM
Business Wire
Air Lease Corporation (ALC) (NYSE: AL) today announced that
Standard & Poor's Ratings Services revised its outlook on ALC
to positive from stable, and affirmed all ratings, including the
'BBB-' corporate credit rating.
Standard & Poor’s highlighted in its press release that the
positive outlook reflects Air Lease Corporation’s improved credit
metrics and the expectation that this trend will continue.
Greg Willis, Senior Vice President and Chief Financial Officer
of Air Lease Corporation commented, “We are pleased that Standard
& Poor's has recognized Air Lease’s strengthening credit
profile with a positive outlook on our corporate credit rating. We
benefit from diversified funding sources, our low-leverage
unencumbered balance sheet, the strength of our core business, and
the continued growth of the global airline industry.”
Additional information regarding ALC’s revision in outlook can
be found in Standard and Poor’s press release dated October 26,
2015 available on Standard and Poor’s website at
www.standardandpoors.com. None of the information on Standard and
Poor’s website, including the press release, is incorporated by
reference into or is otherwise a part of this press release. The
upgrade is subject to revision or withdrawal at any time by the
rating agency and is not a recommendation to buy, sell or hold
securities.
Forward-Looking Statements
This press release contains forward-looking statements within
the meaning of the Private Securities Litigation Reform Act of
1995. Such statements are based on current expectations and
projections about our future results, prospects and opportunities
and are not guarantees of future performance. Such statements will
not be updated unless required by law. Actual results and
performance may differ materially from those expressed or
forecasted in forward-looking statements due to a number of
factors, including those discussed in our filings with the
Securities and Exchange Commission.
About Air Lease Corporation (NYSE: AL)
ALC is a leading aircraft leasing company based in Los Angeles,
California that has airline customers throughout the world.
ALC and its team of dedicated and experienced
professionals are principally engaged in purchasing commercial
aircraft and leasing them to its airline customers worldwide
through customized aircraft leasing and financing solutions. For
more information, visit ALC's website at
www.airleasecorp.com.
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version on businesswire.com: http://www.businesswire.com/news/home/20151027005490/en/
Air Lease CorporationInvestors:Ryan McKenna, 310-553-0555Vice
President, Strategic Planningrmckenna@airleasecorp.comorMedia:Laura
St. John, 310-553-0555Manager, Media and Investor
Relationslstjohn@airleasecorp.com
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