Business Aviation News

Global Jet Capital’s Securitization Ratings Get Upgraded

Global Jet Capital’s Securitization Ratings Get Upgraded

The Kroll Bond Rating Agency (KBRA) upgraded two of Global Jet Capital’s securitization ratings following a comprehensive review.

The upgrade, according to Chief Executive Officer Vivek Kaushal, is a testament to the company’s strong financial performance and its ability to provide innovative financial solutions to its clients.

Global Jet Capital, a financial solutions provider for business aircraft, issued USD$3.6 billion of asset-backed security notes collateralized by business aircraft loans and leases through its BJETS securitization program.

KBRA upgraded all tranches of notes issued in the Business Jet Securities (BJETS) 2020-1 and BJETS 2021-1 transactions by one rating notch.

“We are extremely pleased with the recognition from KBRA and continue to focus on delivering strong value for both our clients and our investors,” said Kaushal.

Do you want to be one of the first to read stories like this? Our newsletter features all of the top stories of the week condensed into one easy-to-read email. It’s fast and free to sign up, so click here to sign up now.