NEW YORK--(BUSINESS WIRE)--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.