NEW YORK–(BUSINESS WIRE)–Kroll Bond Rating Agency (KBRA) assigns preliminary ratings to two series of notes (the “Notes”) issued by Kestrel Aircraft Funding Limited (“Kestrel 2018-1 Cayman”) and Kestrel Aircraft Funding USA, LLC (“Kestrel 2018-1 USA”, and, together with Kestrel 2018-1 Cayman, “Kestrel 2018-1”, or the “Issuers”). This is the third term securitization of aircraft managed by Dubai Aerospace Enterprise (DAE) Ltd. (“DAE”, the “Company” or “Servicer”) who will act as servicer for K