ALC credit rating on the cards: Plueger

London
Source: Flightglobal.com
This story is sourced from Flightglobal.com

US lessor Air Lease remains committed to obtaining a credit rating from the rating agencies, following in the footsteps of its peers.

"It's an ongoing process, we just now turned three years of age and that's about the absolute minimum...for serious investment-grade ratings," said John Plueger, president and chief operating officer of ALC, during an earnings call on 28 February. "Our dialogue is continuing...we just simply cannot predict when this may happen."

According to Plueger, ALC's credit metrics and profiles continue to get "stronger every quarter".

"I would just say rest assured, it is a top priority of this management team to get us there."

Last year two operating lessors received their initial credit ratings. In March, AerCap was assigned an investment grade corporate credit rating of "BBB-" with a stable outlook by Standard and Poor's Ratings Services. BOC Aviation followed in June and received a corporate credit rating of "BBB" with a stable outlook by Standard & Poor's.