29-04-2025
PIF's AviLease secures investment-grade ratings from Moody's, Fitch
RIYADH: Saudi Arabia's AviLease has secured investment-grade corporate credit ratings from Moody's and Fitch Ratings, as the global aircraft lessor continues to expand its portfolio and strategic role within the Kingdom's aviation sector.
Owned by Saudi Arabia's Public Investment Fund, AviLease announced it received a Baa2 rating with a stable outlook from Moody's and a BBB rating with a stable outlook from Fitch.
The two agencies highlighted AviLease's high-quality portfolio of new-technology aircraft with a strong credit mix, alongside its robust balance sheet and growth trajectory.
They noted that the company is expected to become one of the largest players in the global leasing industry by 2030.
'The ratings open the door for even greater financial flexibility, as we will be able to tap into the unsecured debt capital markets,' Edward O'Byrne, CEO of AviLease, said in a press release.
He continued: 'Achieving investment-grade ratings in under three years since our establishment is a remarkable feat, and we believe it positions AviLease within a select group of lessors in the industry in record time.'
The ratings also recognize AviLease's strategic role in supporting PIF's aviation sector initiatives under Saudi Arabia's Vision 2030.
'These ratings will enable AviLease to access global capital markets to finance its business strategies, positioning itself at the forefront of the aircraft leasing industry, in complete alignment with the National Aviation Strategy and Saudi Arabia's Vision 2030,' Fahad Al-Saif, chairman of AviLease, said.
