KBRA Releases Research – Coronavirus (COVID-19): Aviation ABS Exposure to Avianca’s Bankruptcy Filing

NEW YORK--()--Kroll Bond Rating Agency and Kroll Bond Rating Agency Europe Limited (collectively, KBRA) releases a research report detailing the exposure of KBRA-rated aviation ABS to Avianca Holdings S.A. and its subsidiaries.

The airline, which filed for Chapter 11 bankruptcy protection on May 10, is a lessee in seven KBRA-rated aviation ABS transactions. The transactions’ exposure to the airline ranges from approximately 1.5% to 19.5% based on maintenance-adjusted base values.

Click here to view the report.

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About KBRA and KBRA Europe

KBRA is a full-service credit rating agency registered with the U.S. Securities and Exchange Commission as an NRSRO. In addition, KBRA is designated as a designated rating organization by the Ontario Securities Commission for issuers of asset-backed securities to file a short form prospectus or shelf prospectus. KBRA is also recognized by the National Association of Insurance Commissioners as a Credit Rating Provider and is a certified Credit Rating Agency (CRA) with the European Securities and Markets Authority (ESMA). Kroll Bond Rating Agency Europe Limited is registered with ESMA as a CRA. Kroll Bond Rating Agency Europe Limited is located at 6-8 College Green, Dublin 2, Ireland.

Contacts

Analytical

Alan Greenblatt, Senior Director
+1 (646) 731-2496
agreenblatt@kbra.com

Michael Lepri, Associate Director
+1 (646) 731-3389
mlepri@kbra.com

Zara Shirazi, Senior Director
+1 (646) 731-3326
zshirazi@kbra.com

Killian Walsh, Director
+353 1 588 1184
kwalsh@kbra.com

Rosemary Kelley, Senior Managing Director
+1 (646) 731-2337
rkelley@kbra.com

Business Development

Ted Burbage, Managing Director
+1 (646) 731-3325
tburbage@kbra.com

Mauricio Noé, Senior Managing Director
+ 44 208 148 1010
mnoe@kbra.com

Contacts

Analytical

Alan Greenblatt, Senior Director
+1 (646) 731-2496
agreenblatt@kbra.com

Michael Lepri, Associate Director
+1 (646) 731-3389
mlepri@kbra.com

Zara Shirazi, Senior Director
+1 (646) 731-3326
zshirazi@kbra.com

Killian Walsh, Director
+353 1 588 1184
kwalsh@kbra.com

Rosemary Kelley, Senior Managing Director
+1 (646) 731-2337
rkelley@kbra.com

Business Development

Ted Burbage, Managing Director
+1 (646) 731-3325
tburbage@kbra.com

Mauricio Noé, Senior Managing Director
+ 44 208 148 1010
mnoe@kbra.com