S&P rates International Lease notes BBB-

Standard & Poor's said it assigned a BBB- rating to International Lease Finance Corp.'s senior notes due in 2015 and 2019.

The proceeds will be used to repay all debt outstanding under its $750 million term loan due March 17, 2015. The remainder will go toward repayment of other debt and the purchase of aircraft.

The ratings reflect the company's position as one of the two largest aircraft lessors globally, S&P said.

The agency said it expects the company to continue its satisfactory cash generation as the aviation market improves gradually.

The company has made significant progress in addressing large upcoming debt maturities in 2012, but it still has substantial debt outstanding that matures in 2013, S&P said.

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