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Press Release

31

Dec

2024

CALC Secures First Ag- Investment-Grade Rating with Stable Outlook

(Hong Kong,  31 December 2024) - China Aircraft Leasing Group Holdings Limited ("CALC" or the "Company", together with its subsidiaries, the "Group"; SEHK stock code: 01848), a full value chain aircraft solutions provider for the global aviation industry, is pleased to announce that it has been assigned the first-time long-term credit rating of Ag- by China Chengxin (Asia Pacific) Credit Ratings Company Limited (“CCXAP”), with stable outlook.

 

This marks CALC’s first investment-grade international rating of Ag-, reflecting a positive recognition of the Group’s comprehensive strength and strong development prospects by an international credit rating agency.

 

The rating was assigned based on the rating methodology for Finance Companies under CCXAP's global rating scale. The Ag- long-term credit rating of CALC is underpinned by (1) the recovery in global aviation industry; (2) the Company’s leading market position in China’s aircraft leasing industry with a global footprint; (3) narrowbody-focused fleet portfolio helps reduce asset risk; (4) solid financing channels mitigate the Company’s financing needs; and (5) likelihood of support from China Everbright Group and its affiliated entities.

 

“It is a significant step for CALC in becoming an international investment-grade issuer,” said Mr. Conrad Li, Executive Director, Chief Financial Officer and Chief Strategy Officer of CALC. “This rating reflects recognition of CALC’s leading market position, asset quality and goodwill, as well as the expected profit recovery during the interest rate cut cycle. It is beneficial for enhancing CALC’s image in the international capital markets and achieving long-term development value.”

 

CCXAP is a recognized Chinese international rating agency and the first licensed Chinese credit rating agency in Hong Kong. It currently ranks third globally in terms of clients served in Hong Kong, and first among Chinese rating agencies.

Media Contact

China Aircraft Leasing Group Holdings Limited

Corporate Communications Department