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KBRA Assigns Preliminary Ratings to AASET 2020-1 Trust

January 30, 2020 GMT

NEW YORK--(BUSINESS WIRE)--Jan 30, 2020--

Kroll Bond Rating Agency (KBRA) assigns preliminary ratings to three classes of notes (the “Notes”) issued by AASET 2020-1 Trust (“AASET 2020‑1”).

This transaction represents the tenth securitization for Carlyle Aviation Holdings Limited (Carlyle or the “Company”). Carlyle was founded in 2002 with a focus on mid-life and end‑of‑life commercial aircraft and engines.

Proceeds from the sale of the Notes will be used to refinance its AASET 2016-2 Transaction, consisting of 21 aircraft and acquire seven additional aircraft (the “Portfolio”) on lease to 18 lessees located in 17 jurisdictions. As of January 1, 2020, the initial weighted average age of the Portfolio is approximately 15.2 years with a weighted average remaining lease term of approximately 3.4 years.

To access ratings, reports and disclosures, click here.

Related Publications: (available at www.kbra.com )

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About KBRA and KBRA Europe

KBRA is a full-service credit rating agency registered with the U.S. Securities and Exchange Commission as an NRSRO. In addition, KBRA is designated as a designated rating organization by the Ontario Securities Commission for issuers of asset-backed securities to file a short form prospectus or shelf prospectus. KBRA is also recognized by the National Association of Insurance Commissioners as a Credit Rating Provider, and is a certified Credit Rating Agency (CRA) by the European Securities and Markets Authority (ESMA). Kroll Bond Rating Agency Europe Limited is registered with ESMA as a CRA.

View source version on businesswire.com:https://www.businesswire.com/news/home/20200130005610/en/

CONTACT: Analytical Contacts:

Alan Greenblatt, Senior Director

(646) 731-2496

agreenblatt@kbra.comMichael Lepri, Associate Director

(646) 731-3389

mlepri@kbra.comDanise Chui, Senior Director

(646) 731-2406

dchui@kbra.comSandy Azer, Associate Director

(646) 731-1200

sazer@kbra.comBusiness Development Contact:

Ted Burbage, Managing Director

(646) 731-3325

tburbage@kbra.com

KEYWORD: UNITED STATES NORTH AMERICA NEW YORK

INDUSTRY KEYWORD: BANKING PROFESSIONAL SERVICES FINANCE

SOURCE: Kroll Bond Rating Agency

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PUB: 01/30/2020 10:41 AM/DISC: 01/30/2020 10:41 AM

http://www.businesswire.com/news/home/20200130005610/en