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Fitch rates China Aircraft bonds BB+
Fitch Ratings said it assigned BB+ ratings to CALC Bond 3 Ltd.'s $300 million of of 4.7% fixed-rate notes due March 8, 2022, and $200 million of 5½% fixed-rate notes due March 8, 2024
CALC Bond 3, is a wholly owned special purpose vehicle of China Aircraft Leasing Group Holdings Ltd.
“The rating assigned to the senior unsecured bonds issued by CALC Bond 3 Limited is in line with CALC's long-term issuer default rating (IDR) as the bonds are unconditionally and irrevocably guaranteed by CALC, and will at all times rank at least equally with all other present and future unsecured and unsubordinated obligations of CALC and CALC Bond 3 Ltd.,” Fitch said in a press release.
The outlook is stable.
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