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On 11 November 2025, S&P assigned a 'B' long-term issue rating to the US$300 million senior unsecured notes due 2031 issued by Avation Group (S) Pte Ltd, matching the preliminary rating assigned on 21 October 2025. Concurrently, S&P raised Avation PLC's long-term issuer credit rating to 'B' from 'B-', with the new rating having a stable outlook.
| Date | 11 Nov 2025 |
| Time | 07:59:06 |
| Category | Corporate updates |
| ID | 0426H |
Via RNS and SGXNET
AVATION PLC
("Avation" or "the Company")
CREDIT RATING - S&P
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.
-ENDS-
Enquiries:
Avation PLC - Jeff Chatfield, Executive Chairman +65 6252 2077
Avation welcomes shareholder questions and comments and advises the email address for questions is: [email protected] and the Company provides an investor Q & A during the conference call associated with release of results. The head office telephone number is +65 6252 2077.
Notes to Editors: Avation PLC is an aircraft leasing company, headquartered in Singapore, owning and managing a fleet of commercial passenger aircraft which it leases to airlines around the world. More information on Avation is available at www.avation.net.