KBRA Assigns Preliminary Ratings to AASET 2019-1 Trust

NEW YORK–(BUSINESS WIRE)–Kroll Bond Rating Agency (KBRA) assigns preliminary ratings to three
classes of notes (the “Notes”) issued by AASET 2019-1 Trust (AASET
2019-1).

This transaction represents the eighth securitization for Carlyle
Aviation Holdings Limited (Carlyle or the “Company”). Carlyle was
founded in 2002 with a focus on mid-life and end-of-life commercial
aircraft and engines.

Proceeds from the sale of the Notes will be used to refinance its AASET
2016-1 Transaction, consisting of 18 aircraft and acquire seven
additional aircraft (the “Portfolio”) on lease to 17 lessees located in
14 countries. As of April 30, 2019, the initial weighted average age of
the Portfolio is approximately 15.8 years with a weighted average
remaining lease term of approximately 3.9 years.

To access ratings, reports and disclosures, click here.

Related Publications: (available at www.kbra.com)

• AASET
  2019-1 Trust Pre-Sale Report

• Global
  Aviation ABS Rating Methodology

• Global
  Structured Finance Counter Party 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.

Contacts

Analytical:
Alan Greenblatt,
Senior Director
(646) 731-2496
agreenblatt@kbra.com

Michael Lepri, Associate Director
(646) 731-3389
mlepri@kbra.com

Danise Chui, Senior Director
(646) 731-2406
dchui@kbra.com

Sandy Azer, Associate Director
(646) 731-1200
sazer@kbra.com