Kroll Bond Rating Agency Assigns Preliminary Ratings to Castlelake Aircraft Structured Trust 2017-1

NEW YORK–(BUSINESS WIRE)–Kroll Bond Rating Agency (KBRA) assigns preliminary ratings to three classes of loans issued by Castlelake Aircraft Structured Trust 2017-1. Proceeds from the sale of the loans will be used to purchase a fleet of 43 aircraft that are initially leased to 15 lessees located in 11 countries with an initial total value of approximately $940.7 million. This transaction represents the fourth securitization for Castlelake, L.P. Castlelake was founded in 2005 with a focus on