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      Latest change
      Withdrawal
      07/10/2022
      General information
      Rating
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      Solicited
      With issuer participation
      UK endorsed
      EU Rated
      Withdrawal reason: client’s request
      Christian Vogel Lead analyst
      Torsten Schellscheidt Committee chair
      Scope downgrades the ratings issued by PR Aircraft Finance SA – Comp. 1 and withdraws the rating

      7/10/2022 Rating announcement EN

      Scope downgrades the ratings issued by PR Aircraft Finance SA – Comp. 1 and withdraws the rating

      The downgrade is prompted by the correction of an analytical error and follows the completion of the periodic review. The rating is withdrawn for business reasons.

      Scope downgrades PR Aircraft Finance S.A. – Compartment 1 to BB-

      29/10/2021 Rating announcement EN

      Scope downgrades PR Aircraft Finance S.A. – Compartment 1 to BB-

      The downgrade to BB- is a result of Covid-19's severe impact on airlines' credit quality, aircraft values, early repayment of a large facility and the significant deterioration of the credit quality of another large facility.

      Scope has completed a monitoring review for PR Aircraft Finance S.A. - Compartment 1

      30/4/2021 Monitoring note EN

      Scope has completed a monitoring review for PR Aircraft Finance S.A. - Compartment 1

      Scope has taken no action on PR Aircraft S.A. - Compartment 1 (PR Aircraft) following a monitoring review. The notes issued by PR Aircraft continue to be rated BB under review developing.

      Scope downgrades PR Aircraft Finance S.A. – Compartment 1 to BB under review developing

      27/10/2020 Rating announcement EN

      Scope downgrades PR Aircraft Finance S.A. – Compartment 1 to BB under review developing

      The downgrade to BB under review developing is a result of Covid-19's severe impact on airlines' credit quality, aircraft values, and lease payments deferrals, which in turn reduce excess spread on the portfolio.

      Scope downgrades PR Aircraft Finance S.A. – Compartment 1 to BBB+, keeps review for downgrade

      28/4/2020 Rating announcement EN

      Scope downgrades PR Aircraft Finance S.A. – Compartment 1 to BBB+, keeps review for downgrade

      The downgrade to BBB+ is due to increased credit risk from the newly added loans and the Covid-19 crisis. The rating is under review for downgrade because the long-term impact from Covid-19 on airline traffic and aircraft values is still developing.

      Scope places PR Aircraft Finance S.A. – Compartment 1 rating under review for downgrade

      19/3/2020 Rating announcement EN

      Scope places PR Aircraft Finance S.A. – Compartment 1 rating under review for downgrade

      Scope has today placed the rating assigned to the notes issued by PR Aircraft S.A. - Compartment 1 under review for downgrade in regards to the impact of Covid-19 on airlines.

      Scope affirms A- rating on PR Aircraft Finance S.A. - Compartment 1

      5/12/2019 Rating announcement EN

      Scope affirms A- rating on PR Aircraft Finance S.A. - Compartment 1

      The affirmation reflects the performance of the portfolio in line with expectations and the average quality of the assets. The quality of all new asset aquisitions was in line with the investment criteria.

      Scope lifts review for downgrade from PR Aircraft Finance SA - Compartment 1

      30/8/2019 Rating announcement EN

      Scope lifts review for downgrade from PR Aircraft Finance SA - Compartment 1

      Scope Ratings has removed the review for downgrade on the A- rating of PR Aircraft Finance S.A. -Compartment 1. Scope has found no evidence that Boeing aircraft values have been significantly affected by the B737Max issues.

      Scope places PR Aircraft Finance S.A. - Compartment 1's A- rating under review for downgrade

      2/5/2019 Rating announcement EN

      Scope places PR Aircraft Finance S.A. - Compartment 1's A- rating under review for downgrade

      Scope announces that it will review the rating of PR Aircraft Finance S.A. - Compartment 1 as soon as it can assess the effect of manufacturing quality concerns on Boeing aircraft market values, which could result in a downgrade.

      Scope affirms A- rating on PR Aircraft Finance S.A. - Compartment 1

      7/12/2018 Rating announcement EN

      Scope affirms A- rating on PR Aircraft Finance S.A. - Compartment 1

      The affirmation reflects the good performance of the portfolio and the average quality of the assets in the portfolio. The quality of all new asset aquisitions was in line with the investment criteria and had a marginally positive impact on the rating.

      Date Title
      23/01/2018 Rating Report, January 2018