KBRA Assigns Preliminary Ratings to Lunar Aircraft 2020-1 Limited

Kroll Bond Rating Agency Europe Limited (KBRA) assigns preliminary ratings to three series of notes (the "Notes") issued by Lunar Aircraft 2020-1 Limited and Lunar Aircraft 2020-1 LLC (together, "LUNAR 2020-1" or the "Issuers").

This transaction is the third sponsored portfolio securitization serviced by DVB. DVB is headquartered in London, England with offices located in the United States, Ireland, Amsterdam, Singapore, and Taiwan.

Proceeds from the sale of the Notes will be used to acquire 18 aircraft (the "Portfolio") on lease to 16 lessees located in 14 jurisdictions. As of December 31, 2019, the initial weighted average aircraft age of the Portfolio is approximately 9.2 years, with a weighted average remaining lease term of approximately 3.9 years.

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Disclosures

Further disclosures relating to this rating action are available in the EU Information Disclosure Form. Additional information regarding KBRA policies, methodologies, rating scales and disclosures are available at www.kbra.com

To access ratings, reports and disclosures, click here

Related Publications: (available at www.kbra.com

• Global Aviation ABS Rating Methodology
• Global Structured Finance Counterparty Methodology

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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) by the European Securities and Markets Authority (ESMA). Kroll Bond Rating Agency Europe Limited is registered with ESMA as a CRA.

View source version on businesswire.com: https://www.businesswire.com/news/home/20200214005526/en/

Contacts:

Analytical
Adam DeJong, Associate, Structured Finance (Lead Analyst)
Dublin
[phone]
[e-mail]

Alan Greenblatt, Senior Director, ABS
New York
[phone]
[e-mail]

Danise Chui, Senior Director, Financial Institutions
New York
[phone]
[e-mail]

Sandy Azer, Associate Director
New York
[phone]
[e-mail]

Preston Boutwell, Senior Analyst
New York
[phone]
[e-mail]

Rosemary Kelley, Senior Managing Director, ABS (Rating Committee Chair)
New York
[phone]
[e-mail]

Business Development
Ted Burbage, Managing Director,
[phone]
[e-mail]