Moody’s revises AerCap view to negative

Moody's Investors Service revised the outlook to negative from under review and confirmed the Baa3 backed long-term issuer rating of AerCap Holdings NV and the Baa3 senior unsecured ratings of subsidiaries AerCap Ireland Capital DAC, AerCap Global Aviation Trust (senior unsecured shelf (P)Baa3) and International Lease Finance Corp.

These actions conclude Moody's review of AerCap's ratings started on June 1 to evaluate the effect of the global downturn in air travel on the company's credit profile.

“AerCap's negative outlook reflects Moody's expectations of a more extended and weaker recovery in air travel that results in higher risks to earnings, cash flow, liquidity and capital positions,” the agency said in a press release.

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