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S&P rates International Lease loan BBB-
Standard & Poor's said it assigned a BBB- rating to Delos Aircraft Inc.'s proposed $550 million secured term loan due 2016. Delos is a wholly owned indirect subsidiary of International Lease Finance Corp. (BBB-/Watch negative), which will guarantee the loan.
The ratings were placed on CreditWatch with negative implications.
Proceeds will be used for general corporate purposes, including refinancing significant upcoming debt maturities.
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