Kroll stands by Global Jet ABS ratings after hostile Fitch note

Kroll Bond Rating Agency defended the ratings it assigned to private aircraft financier Global Jet Capital’s inaugural securitization, after Fitch Ratings deemed the deal non-investment grade in a note this week.

  • By Sasha Padbidri
  • 11 Oct 2017

Fitch, which did not rate the deal, indicated in an October 10 note that the transaction “falls short” of its expectations for investment grade ratings.

“While Fitch believes a corporate jet aircraft ABS transaction backed by a pool of fixed contracts is rate-able, the current BJETS enhancement levels combined ...

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