News
CALC receives credit rating from Moody's
June 28th 2021
China Aircraft Leasing Group Holdings Limited (CALC) has received a corporate family rating (CFR) of Ba1 and foreign currency and local currency issuer ratings of Ba2 from Moody's Investors Service. Read More » The company also was given a stable outlook. It is the first time CALC has been given an overseas credit rating. “We are encouraged by the rating results. We believe this endorsement will help CALC lower its funding costs, optimise our debt profile and increase the proportion of unsecured borrowings. It also will help [CALC] reach a broader group of investors, embracing the strong recovery momentum in China, our home market," CALC CEO, Mike Poon, said. At December 31, 2020, 78% of the lessor’s owned fleet was leased to Chinese clients, including state-owned airlines with "strong financial strengths", CALC said.
