Dublin-based leasing company Avolon Holdings Limited has announced that S&P Global Ratings has upgraded the outlook for its issuer and senior unsecured rating of BBB- from stable to positive outlook. Earlier this month, Fitch Ratings upgraded Avolon’s rating from BBB- to BBB, and Moody’s Ratings upgraded Avolon from Baa3 to Baa2.
The upgrade comes as the company celebrated its 15th Birthday this week. Founded in Dublin in May 2010, it was established by a team led by Dómhnal Slattery and other key figures like John Higgins, Tom Ashe, Andy Cronin, Simon Hanson, and Ed Riley. In that time, it has grown to become the third biggest aircraft leasing company in the world with an owned, managed and committed fleet of 1,096 aircraft, including orders and commitments for 457 new technology aircraft.

