Moody’s upgrades AerCap, debt to Ba1

Moody's Investors Service said it upgraded the corporate family and senior unsecured ratings of AerCap Holdings NV to Ba1 from Ba2.

The ratings of AerCap's subsidiaries were also upgraded.

The outlook is stable. This concludes the review of AerCap's ratings initiated on March 3.

Moody's said it upgraded the ratings to reflect AerCap's reduced leverage, strengthened liquidity and solid 2015 operating performance that exceeded Moody's expectations. During 2015, AerCap completed the integration of International Lease Finance Corp., a large aircraft leasing company that it acquired in May 2014.

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