KBRA Releases Surveillance Report for Avolon Holdings Limited

On March 21, 2025, KBRA affirmed the issuer and senior unsecured debt ratings of BBB+ for Avolon Holdings Limited. KBRA also affirmed the senior unsecured debt ratings of BBB+ for Park Aerospace Holdings Limited and Avolon Holdings Funding Limited. In addition, KBRA affirmed the issuer rating of BBB+ for Avolon’s wholly-owned subsidiary, Castlelake Aviation Limited (CA Ltd) and the senior unsecured debt rating of BBB+ for CA Ltd’s subsidiary, Castlelake Aviation Finance DAC (CAF). The Outlook for all long-term ratings was revised to Positive from Stable. Subsequently, KBRA withdrew Park Aerospace's senior unsecured debt rating at the issuer's request given this entity had no debt outstanding and will not issue debt in the future.

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