Printer Friendly

MOODY'S ASSIGNS RATINGS TO INTERNATIONAL LEASE FINANCE CORP. COMMERCIAL PAPER AND NEW PREFERRED STOCK ISSUE

 NEW YORK, Nov. 30 ~PRNewswire~ -- Moody's Investors Service has assigned International Lease Finance Corporation (ILFC), a wholly owned subsidiary of American International Group, Inc. (NYSE: AIG) (AIG), a Prime-1 rating for its commercial paper and an "a2" rating for a planned issue of $100 million of market auction preferred stock.
 In a press release announcing the new ratings, Moody's stated that "The ratings are based on the company's strong market position as one of the world's leading aircraft lessors and the support associated with ownership of ILFC by AIG." Moody's rates AIG's long term debt "Aaa", its highest rating.
 Moody's noted "ILFC's knowledge of the global aircraft markets and ability to manage lessee risk" as a factor in its evaluation. "Moody's also evaluated the alternative liquidity for commercial paper and concluded that the company will have access to sufficient funds to support its commercial paper program usage," the Moody's release added.
 ILFC also holds a preferred stock rating of "A" by Standard & Poor's, and "AA-" by Duff and Phelps. ILFC's commercial paper is rated "A1" by Standard & Poor's and "1+" by Duff and Phelps.
 ILFC, based in Century City, Calif., is the international market leader in the leasing and remarketing of advanced technology commercial jets aircraft to airlines around the world. ILFC owns a portfolio valued at more than $7 billion, consisting of nearly 200 jet aircraft.
 AIG is the leading U.S.-based international insurance organization and the largest underwriter of commercial and industrial insurance in the United States. Its member companies write property, casualty, marine, life and financial services insurance in approximately 130 countries and jurisdictions, and are engaged in a range of financial services businesses. American International Group, Inc.'s common stock is listed on the New York Stock Exchange, as well as the stock exchanges in London, Paris, Switzerland and Tokyo.
 -0- 11~30~92
 ~CONTACT: Alan Lund, senior vice president and CFO of ILFC, 310-788-1999, or Joe Norton, director of public relations of AIG, 212-770-3144~
 (AIG)


CO: International Lease Finance Corporation ST: California IN: AIR SU: RTG

SH -- NY046 -- 1970 11~30~92 14:08 EST
COPYRIGHT 1992 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1992 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Nov 30, 1992
Words:351
Previous Article:MONMOUTH REAL ESTATE INVESTMENT CORPORATION ANNOUNCES EXPANSION PLANS AND PROPERTY ACQUISITION
Next Article:STONE & WEBSTER ELECTS FOUR VICE PRESIDENTS
Topics:


Related Articles
MOODY'S ASSIGNS
COUNTRYWIDE CREDIT INDUSTRIES INC. DEBT UPGRADED TO "A" AT STANDARD & POOR'S
CAPITAL HOLDING RECEIVES RATING UPGRADES FROM MOODY'S
DUFF & PHELPS ASSIGNS INITIAL RATINGS TO WHIRLPOOL FINANCIAL CORPORATION
DUFF & PHELPS LOWERS IBM'S SENIOR DEBT TO 'A'; ASSIGNS INITIAL RATINGS TO COMMERCIAL PAPER, PREFERRED STOCK
DCR RATES INTERNATIONAL LEASE FINANCE CORP.'S $100 MILLION SENIOR DEBT OFFERING
DCR RATES ILFC'S $150 MILLION SENIOR DEBT OFFERING
DCR Rates International Lease Finance Corp.'s $100 Million Note Offering 'AA-'
DCR Rates International Lease Finance Corp.'s $200 Million Note Offering 'AA-'
S&P Affirms 'A-1' on World Omni's Asset-Backed CP Program

Terms of use | Copyright © 2016 Farlex, Inc. | Feedback | For webmasters