KBRA Assigns Preliminary Ratings to Castlelake’s Seventh Aircraft Portfolio Transaction
JAN 21, 2021 - 6:48 am
Kroll Bond Rating Agency assigned preliminary ratings to two classes of notes issued by Castlelake Aircraft Structured Trust 2021-1, an aviation ABS transaction. This transaction represents Castlelake’s seventh aircraft portfolio transaction, each of which were rated by KBRA.
Proceeds from the notes are being used to acquire 27 aircraft and the related leases. There are 11 underlying obligors on the leases, which are located in 10 jurisdictions. As of Dec. 31, 2020, the initial weighted average aircraft age of the portfolio is approximately 9.3 years, with a weighted average remaining lease term of approximately 7.8 years.
AI (Artificial Intelligence): The theory and development of computer systems able to perform tasks that normally require human intelligence, such as visual perception, speech recognition, decision-making and translation between languages. Data-driven AI will accelerate the speed of online lending. Lenders... read more
You are new to the equipment finance community. Can you tell us about your career path that led to your current role at the National Equipment Finance Association? I started my career as a marketing manager with ARAMARK before going... read more