Fitch rates China Aircraft notes BB+

Fitch Ratings said it assigned an expected BB+ rating to China Aircraft Leasing Group Holdings Ltd.’s planned dollar-denominated bonds to be sold under wholly owned CALC Bonds Ltd.’s medium-term note program. The program is guaranteed by China Aircraft Leasing. The maturity structure will be finalized upon settlement.

China Aircraft Leasing’s issuer rating is BB+, and its outstanding dollar-denominated bonds are also rated BB+.

The proceeds will be used for aircraft acquisitions, business expansion in aircraft and related segments, refinancing and for general corporate purposes.

The outlook is stable.

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