Phoenix Aviation Capital’s corporate rating has been revised by Fitch Ratings, being upgraded to ‘B+’ from ‘B’ with a rating outlook stable.
Additionally, Fitch upgraded its rating of Phoenix’s senior unsecured notes to ‘B+’ from ‘B’ with a recovery rating of ‘RR4’ and Phoenix’s secured Term Loan B (TLB) to ‘BB’ from ‘BB-’ with a recovery rating of ‘RR2.’
“We are pleased to announce the rating revision Phoenix received from Fitch,” Jared Ailstock, managing partner at AIP Capital, said. “This achievement reflects the strength and execution of the Phoenix strategy of growing and diversifying its portfolio of in-demand, next-generation aircraft, while also expanding and its lending group and availability of debt capital.”
