STAMFORD, Conn., May 29, 2018 / -- Aircastle Limited (NYSE: AYR) ("Aircastle" or the "Company") announced today that Fitch Ratings has assigned the Company a long-term issuer default rating of BBB- with a stable outlook.
Mike Inglese, Aircastle's Chief Executive Officer, stated, "We are very pleased to have obtained our second investment grade credit rating from a nationally recognized credit rating agency, Fitch Ratings. Combined with our recent ratings upgrade to investment grade from Standard and Poor's, this significant milestone improves our funding efficiency and expands our access within the global credit markets." Mr. Inglese continued, "As one of the leading players in the secondary market, Aircastle is well positioned to grow in a disciplined manner, and our upgraded credit ratings enhance the Company's ability to continue its long-term, profitable growth and value creation for our investors."
Additional information regarding Aircastle's ratings upgrade can be found in the press release dated May 29, 2018 on the Fitch Ratings website at www.fitchratings.com.