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KBRA Assigns Preliminary Ratings to Tailwind 2019-1 Limited

November 6, 2019 GMT

DUBLIN--(BUSINESS WIRE)--Nov 6, 2019--

Kroll Bond Rating Agency Europe Limited (KBRA) assigns preliminary ratings to three series of notes (the “Notes”) issued by Tailwind 2019-1 Limited (“Tailwind Cayman”) and Tailwind USA LLC (“Tailwind USA”, and, together with Tailwind Cayman, “Tailwind 2019‑1”, or the “Issuers”).

The transaction represents Airborne Capital Limited’s (“Airborne”) inaugural securitization. Airborne has employees located in Dublin, Shannon, London, Hong Kong, New York, Seoul and Tokyo.

Proceeds from the sale of the Notes will be used to acquire 17 aircraft (the “Portfolio”) on lease to 15 lessees located in 11 jurisdictions. As of September 30, 2019, the initial weighted average age of the Portfolio is approximately 4.7 years with a weighted average remaining lease term of approximately 6.3 years.

To access the full report, click here.

Disclosures

Further disclosures relating to this rating action are available in the EU Information Disclosure Form. Additional information regarding KBRA policies, methodologies, rating scales and disclosures are available at www.kbra.com.

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/20191106006104/en/

CONTACT: Analytical:

Adam DeJong, Associate, Structured Finance (Lead Analyst)

Dublin

+353 (1) 588 1270

adejong@kbra.comAlan Greenblatt, Senior Director, ABS

New York

+1 (646) 731-2496

agreenblatt@kbra.comMichael Lepri, Associate Director, ABS

New York

+1 (646) 731-3389

mlepri@kbra.comZara Shirazi, Director, ABS

New York

+1 (646) 731-3326

zshirazi@kbra.comDanise Chui, Senior Director, Financial Institutions

New York

+1 (646) 731-2406

dchui@kbra.comLenny Giltman, Senior Managing Director, Ratings Legal (Rating Committee Chair)

New York

+1 (646) 731-2378

lgiltman@kbra.comBusiness Development:

Ted Burbage, Managing Director

+1 (646) 731-3325

tburbage@kbra.com

KEYWORD: NEW YORK EUROPE UNITED STATES NORTH AMERICA

INDUSTRY KEYWORD: PROFESSIONAL SERVICES FINANCE

SOURCE: Kroll Bond Rating Agency

Copyright Business Wire 2019.

PUB: 11/06/2019 05:30 PM/DISC: 11/06/2019 05:30 PM

http://www.businesswire.com/news/home/20191106006104/en