NEW YORK–(BUSINESS WIRE)–Kroll Bond Rating Agency (KBRA) assigns preliminary ratings to three series of loans (the “Loans”) issued by Prop 2017-1 Limited. Proceeds from the sale of the Loans will be used to purchase a fleet of 63 aircraft that are initially leased to 17 airlines located in 12 countries with an initial total value of approximately $545.1 million. This transaction represents Elix Aviation Capital Limited’s (“Elix” or “the Company”) first sponsored securitization. Elix was found
