(Alliance News) - Avation PLC on Wednesday said S&P Global Ratings has upgraded the commercial passenger aircraft leasing firm's default issuer rating to BB- with stable outlook.
S&P has also raised the issue rating on Avation Capital SA's USD350 million senior notes, which are due 2021 and were issued under Avation's note programme, to BB- from B+.
Shares in Avation closed flat at 289.00 pence in London on Wednesday.
By Anna Farley; annafarley@alliancenews.com
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Avation (AVAP)