EM lessors pose risk to aircraft securitizations — Fitch

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By Sasha Padbidri
21 Dec 2017

Fitch Ratings said in a webinar this week that given the shift to “smaller, weaker lessees” from emerging market countries in aircraft ABS portfolios, the rating agency will be applying more conservative stresses to aircraft securitizations “where appropriate”.

Hylton Heard, senior director of ABS, indicated that the increase in emerging market lessees in ABS deal is a result of growing demand for travel in these regions, adding that the trend will continue for aircraft securitizations in 2018 as newer and smaller lessors which deal with mid-to-end ...

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