KBRA Affirms Ratings for Nordic Aviation Capital Designated Activity Company

Kroll Bond Rating Agency (KBRA) has affirmed the issuer rating of BBB+ and senior unsecured debt rating of BBB for Nordic Aviation Capital Designated Activity Company (NAC or “the Company”), the largest regional aircraft lessor in the world. The Outlook for the ratings is Stable.

The issuer rating of NAC reflects the Company’s strong, seasoned management team, valuable industry relationships with regional aircraft operators and manufacturers, substantial market share of leased turboprop and regional jet aircraft, successful execution on its growth plan and continued funding profile improvements. Additionally, KBRA incorporated NAC’s sound historical financial performance and stable aircraft leasing industry outlook into its analysis.