Moody's upgrades Avolon's corporate rating to Ba1

International aircraft leasing company Avolon has announced that Moody´s Investors Service has upgraded Avolon´s corporate family credit rating to Ba1 with a stable outlook, the company said.

Moody´s has now upgraded Avolon´s corporate credit rating twice since its initial corporate family rating was issued in January 2017.

Headquartered in Ireland, with offices in the United States, Dubai, Singapore, Hong Kong and Shanghai, Avolon provides aircraft leasing and lease management services. Avolon is 70% owned by an indirect subsidiary of Bohai Capital Holding Co. Ltd., a Chinese public company listed on the Shenzhen Stock Exchange (SLE: 000415), and 30% owned by ORIX Aviation Systems, a subsidiary of ORIX Corporation.