KBRA Assigns Preliminary Ratings to Carlyle Aviation ABS Transaction

Kroll Bond Rating Agency assigned preliminary ratings to two classes of notes for AASET 2021-2 Trust, an aviation ABS transaction. AASET 2021-2 is sponsored and serviced by Carlyle Aviation Management Limited.

Proceeds from the notes will be used to acquire a portfolio of 15 aircraft on lease to seven lessees located in six jurisdictions. On Dec. 1, the weighted average age of the portfolio will be approximately 1.3 years and the weighted average remaining term of the initial lease contracts will be approximately 9.9 years. The portfolio has an initial value of approximately $784.4 million, based on the average of the half-life base values provided by three third party appraisers as of October, which were adjusted for maintenance conditions in September.

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