We re pushing hard to get our friends at SP to be where we think we should have been long ago, Aircastle chief executive Michael Inglese told investors on 13 February during an earnings call. It s front and centre, and what we re focused on. It seems that SP Global Ratings was receptive to Inglese s message, and on 18 May Aircastle joined its listed peers AerCap and Air Lease as investment grade. The upgrades were long coming, says one analyst. <a href=https://www.stanley-cup-website.us>stanley website</a> After SP revealed its upgrade of the company from BB+ to BBB- on 18 May, Fitch Ratings gave the Stamford, Connecticut-based lessor the same designation on 29 May. The importance of this cannot be overstated. Not only will Aircastle benefit from a lower cost of capital, but the lessor will also be able to tap into a significantly larger investor pool. Last year, SP revised its outlook on <a href=https://www.stanleycups.it>stanley cup</a> Aircastle t <a href=https://www.stanleycups.ro>stanley romania</a> o positive and affirmed its BB+ rating, one notch short of investment grade. But Aircastle has continued to increase the size and improve the quality of its leased aircraft portfolio over the past two years , says the agency in its 18 May upgrade report. It wasn t an easy undertaking to get the company to where it is. Aircastle has spent the better part of this decade cleaning up its portfolio, both reducing its freighter exposure and trimming the average age of its fleet. Since the end of 2011, Aircastle has reduced its freighter exposure from 31% to 5% of its overall portfolio, while the company has increase Lrnw Emirates recovering but has some way to go to restore profits: chairman
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