S&P Global Ratings revises Azorra’s rating outlook to positive

Fort Lauderdale, Florida, USA

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Azorra is pleased to announce today that S&P Global Ratings has revised the company’s corporate rating outlook from stable to positive. At the same time, S&P affirmed our long-term issuer credit ratings at ‘BB-’ on our unsecured notes, as well as our ‘BB’ rating on our Term Loan B. 

“We’re thrilled to announce the improvement of our corporate rating outlook from S&P. This comes after Fitch Ratings revised our outlook just a few months ago and reflects the strong progress we’re making in executing our strategy and scaling our platform. Recognition from two of the world’s most reputable rating agencies in such a short timeframe following our inaugural ratings is a significant achievement and highlights the strength of Azorra’s business,” says Claudia Ziemer, Senior Vice President of Finance at Azorra.

S&P noted: “The positive outlook reflects our expectation that Azorra will continue to make progress toward unencumbering its balance sheet while growing its fleet.”

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ABOUT AZORRA

Azorra is a relationship-driven aircraft lessor that provides leasing, financing, fleet transition and asset management solutions to aircraft investors, financiers and airline operators worldwide. Azorra’s multi-cultural team reflects the global markets that we serve and includes core competencies in aviation law, aircraft finance, maintenance, marketing, sales, trading and leasing.     

Our team is led by seasoned veterans having a shared history of success and is complemented with young professionals who bring fresh perspective, ideas and enthusiasm. Azorra currently owns and manages a fleet of more than 150 aircraft and engines. Including commitments and orders for new Airbus A220-100/300 aircraft and Embraer E190/195-E2 aircraft, Azorra’s total fleet exceeds 280 assets. The company is headquartered in Fort Lauderdale, Florida, and has an office in Dublin, Ireland.