Credit Rating – S&p
Avation PLC announced that S&P has assigned a 'B' long-term issue rating to its US$300 million senior unsecured notes due 2031, consistent with the preliminary rating. Concurrently, S&P raised Avation PLC's long-term issuer credit rating to 'B' from 'B-', with a stable outlook, reflecting the successful refinancing of US$298 million in senior unsecured notes due 2026 using proceeds from the new note issuance, thereby easing refinancing and liquidity risks.
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Avation PLC (LSE: AVAP), the commercial passenger aircraft leasing company announces that S&P has assigned a 'B' long-term issue rating to the US$300 million senior unsecured notes due 2031 ("Notes") issued by Avation Group (S) Pte Ltd under its existing global medium-term note programme. This rating is in line with the preliminary rating assigned to the Notes by S&P on 21 October 2025.
At the same time S&P has raised its long-term issuer credit rating on Avation PLC to 'B' from 'B-'. The new rating has a stable outlook. This improvement in Avation's credit rating reflects the easing of refinancing and liquidity risks associated with the redemption of US$298 million of senior unsecured notes due 2026, which is being made using the proceeds from the issue of the Notes.
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