Avation PLC’s Credit Rating Affirmed by Fitch
Avation PLC's Long-Term Issuer Default Rating has been affirmed at 'B' with a Stable Outlook by Fitch Ratings. The senior unsecured bond issued by Avation Group also received a final long-term debt rating of 'B'/’RR4’. Despite a Hold rating from analysts with a £156.00 price target, Avation faces challenges due to high leverage and negative profitability, leading to a Neutral outlook from Spark's AI Analyst. The company's market cap stands at £93.43M, and it specializes in aircraft leasing.
An update from Avation ( (GB:AVAP) ) is now available.
Avation PLC announced that Fitch Ratings has affirmed its Long-Term Issuer Default Rating at ‘B’ with a Stable Outlook. Additionally, a final long-term debt rating of ‘B’/’RR4’ was assigned to the senior unsecured bond issued by Avation Group under its USD1 billion global medium-term note programme. This affirmation and rating assignment reflect Avation’s stable financial position and its strategic role in the aircraft leasing industry.
The most recent analyst rating on (GB:AVAP) stock is a Hold with a £156.00 price target. To see the full list of analyst forecasts on Avation stock, see the GB:AVAP Stock Forecast page.
Spark’s Take on GB:AVAP Stock
According to Spark, TipRanks’ AI Analyst, GB:AVAP is a Neutral.
Avation’s overall stock score is primarily impacted by its financial performance, which is hindered by high leverage and negative profitability. Technical analysis further indicates weak market momentum. Valuation concerns arise from a negative P/E ratio and low dividend yield, suggesting limited attractiveness for investors.
To see Spark’s full report on GB:AVAP stock, click here.
More about Avation
Avation PLC is an aircraft leasing company based in Singapore, specializing in owning and managing a fleet of commercial passenger aircraft which it leases to airlines globally.
Average Trading Volume: 202,225
Technical Sentiment Signal: Hold
Current Market Cap: £93.43M
See more data about AVAP stock on TipRanks’ Stock Analysis page.
