GJC's ABS Transactions Earn High Marks from S&P
GJC said the move by S&P to place two of its ABS transactions on CreditWatch with positive implications reflects the strength of its portfolios.
Gulfstream G550 (Photo: Honeywell Aerospace)
Among GJC's recent transactions was an operating lease for a preowned Gulfstream G550 (Photo: Honeywell Aerospace)

Standard & Poor’s Global Ratings recently recognized two of Global Jet Capital’s (GJC) asset-backed security (ABS) transactions, placing them on CreditWatch with positive implications. The recognition for all tranches of notes in GJC’s BJETS 2020-1 and BJETS 2021-1 issuances underscores the stability of its portfolios, GJC said.

“We believe these ratings reflect the strong performance of Global Jet Capital’s highly diversified portfolio and the importance of business aviation for our client base,” said CEO Vivek Kaushal. GJC has issued some $3.6 billion of ABS notes, completing six transactions since 2018. These are collateralized by business aircraft loans through GJC's BJETS securitization program.

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