JANUARY 11TH, 2017
NAC assigned a BBB investment grade credit rating by Kroll Bond Rating Agency
Nordic Aviation Capital DAC, the Ireland based group parent company of NAC, successfully paves the way for an extended future debt capital market entry
NAC, the World’s leading regional aircraft lessor, today announced its successful publishing of its BBB investment grade credit rating assigned by Kroll Bond Rating Agency.
The rating has been obtained to further expand and diversify NAC’s access to debt financing reflecting its long term corporate strategy and is seen as a natural progression following last year’s acquisition of Jetscape and Aldus as well as NAC’s identified scope for continued growth as the clear market leader in the regional space.
“I am satisfied with the credit rating now assigned and believe we are now in an even stronger position to take advantage of the various financing options available to NAC” Managing Director and Head of Global Treasury Stephen Gorman says in a brief statement to the published credit rating.
CEO Søren M. Overgaard says “The BBB rating achieved is another solid testament to NAC’s strong franchise within the financial markets and reflects not only the unprecedented track record of NAC but also the firm confidence in the regional aircraft leasing market and NAC’s ability to continue to lead this market in the years to come”.