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Avation credit rating outlook revised to positive by Standard & Poor's

The commercial aircraft leasing company said S&P had also affirmed their ‘B+’ long-term issuer credit rating
Aircraft
Avation shares were steady at 222.5p in late-afternoon trading Monday

Avation PLC (LON:AVAP) said its credit rating outlook has been revised to ‘Positive’ from ‘Stable’ by ratings agency Standard & Poor’s (S&P).

WATCH: Avation PLC's 'never looked stronger' - CFO Richard Wolanski

The commercial aircraft leasing company said S&P had also affirmed their ‘B+’ long-term issuer credit rating as well as their ‘B’ long-term issue rating on the medium-term notes program that Avation guarantees and the US$150mln senior unsecured notes under the program.

Avation shares were steady at 222.5p in late-afternoon trading Monday.

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