Fitch puts all rated aircraft ABS on negative watch

Plane 230x150
By Jennifer Kang
01 Apr 2020

Fitch Ratings put all 31 aircraft leasing and engine deals it rates on rating watch negative on Wednesday, blaming the rapidly declining credit quality of airline lessees backing the transactions.

Over 200 airline lessees backing the at-risk transactions have been showing a deterioration in credit quality due to Covid-19, Fitch wrote in a memo, increasing the risk of defaults and an eventual disruption of ABS cash flows. 

The diminished outlook at the rating agency comes on ...

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