Moody’s shifts CDB Aviation view to negative

Moody’s Investors Service said it changed the outlook for CDB Aviation Lease Finance DAC to negative from stable.

The agency also changed the outlook for CDBL Funding 1 to negative from stable in line with CDB Aviation’s outlook.

“The change in outlook to negative from stable reflects CDB Aviation’s decreased profitability and capitalization in 2019, and the potential strain on its profitability, asset quality and capital adequacy because of the weakened operating environment facing airlines due to the coronavirus pandemic,” Moody’s said in a press release.

Moody’s affirmed the CDB Aviation’s A1 local-currency and foreign-currency issuer ratings as well as the A1 senior unsecured note rating of CDBL.

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