Press Release




CALC received BB+ rating to its senior unsecured USD bonds from Fitch

Hong Kong, 13 July 2021 - China Aircraft Leasing Group Holdings Limited ("CALC" or the “Company”, HKSE stock code: 01848; together with subsidiaries, the “Group”), a full value chain aircraft solutions provider for the global aviation industry, is pleased to announce that it has received a rating of “BB+” from Fitch Ratings (“Fitch”) to the USD300 million 4.7% bonds due 2022 (HKSE stock code: 05390) and USD200 million 5.5% bonds due 2024 (HKSE stock code: 05391) issued by its wholly-owned subsidiary CALC Bond 3 Limited. Moody's Investors Service Pty Ltd (Moody's) also assigned a Ba2 backed senior unsecured rating to the two bonds.


The ratings of the existing bonds are in line with CALC’s Long-Term Issuer Default Rating (“IDR”) of “BB+” it previously received from Fitch. Fitch believes that the bonds are unconditionally and irrevocably guaranteed by CALC, and will at all times rank at least equally with all other present and future unsecured and unsubordinated obligations of CALC and CALC Bond 3 Limited.


Mr. Mike Poon, CEO of CALC, commented: “We are pleased with the Fitch rating results, another strong endorsement from an authoritative international credit rating agency. We believe this will further strengthen investors’ confidence in CALC’s existing bonds, which will be conducive to their liquidity and market performance. With a more dynamic participation in the USD bond market, CALC is well positioned to capture market opportunities as the aviation world gradually recovers.”

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China Aircraft Leasing Group Holdings Limited

Corporate Communications Department