15-885: SMBC may refer to: Companies and organizations [ edit ] SMBC Aviation Capital , an aircraft leasing company associated with the bank Sumitomo Mitsui Banking Corporation , a bank based in Japan Sydney Missionary and Bible College Government and politics [ edit ] Sefton Metropolitan Borough Council , in Merseyside, England Solihull Metropolitan Borough Council , in West Midlands, England Stockport Metropolitan Borough Council , in Greater Manchester, England Media and entertainment [ edit ] Saturday Morning Breakfast Cereal ,
30-870: A more limited share of the market than S&P and Moody's, though it has grown with acquisitions and frequently positions itself as a "tie-breaker" when the other two agencies have ratings similar, but not equal, in scale. In September 2011, Fitch Group announced the sale of Algorithmics (risk analytics software) to IBM for $ 387 million. In June 2022, Fitch Group acquired GeoQuant , an AI -driven data and technology company. Fitch Ratings' long-term credit ratings are assigned on an alphabetic scale from 'AAA' to 'D', first introduced in 1924 and later adopted and licensed by S&P . Like S&P, Fitch also uses intermediate +/− modifiers for each category between AA and CCC (e.g., AA+, AA, AA−, A+, A, A−, BBB+, BBB, BBB−, etc.). Investment grade Non-investment grade Fitch's short-term ratings indicate
45-443: A range of traditional carriers alongside start-up airlines. Its strategy is to own and lease technologically-advanced, fuel efficient and frequently-used aircraft types. SMBC Aviation Capital maintains a young fleet with an average weighted age of 5.4 years. The company has a BBB+ rating from Fitch. In July 2016, the company completed a debut $ 500 million unsecured notes offering, which was eight times over-subscribed. The company
60-552: A transaction valued at $ 1.965 billion. Hearst's previous equity interest was 80 percent following expansions on an original acquisition of 20 percent interest in 2006. Hearst had jointly owned Fitch with FIMALAC SA, which held 20 percent of the company until the 2018 transaction. Fitch Ratings and Fitch Solutions are part of the Fitch Group. The firm was founded by John Knowles Fitch on December 24, 1914, in New York City as
75-597: A webcomic Super Mario Bros. Crossover , an online video game Other uses [ edit ] × Schombocattleya , an orchid Single mother by choice Topics referred to by the same term [REDACTED] This disambiguation page lists articles associated with the title SMBC . If an internal link led you here, you may wish to change the link to point directly to the intended article. Retrieved from " https://en.wikipedia.org/w/index.php?title=SMBC&oldid=1123613536 " Category : Disambiguation pages Hidden categories: Short description
90-403: Is a former employee of Guinness Peat Aviation (GPA), where he specialised in aircraft cross-border tax leasing and securitisations. Fitch ratings Fitch Ratings Inc. is an American credit rating agency . It is one of the three nationally recognized statistical rating organizations ( NRSRO ) designated by the U.S. Securities and Exchange Commission and is considered as being one of
105-462: Is different from Wikidata All article disambiguation pages All disambiguation pages SMBC Aviation Capital SMBC Aviation Capital , formerly RBS Aviation Capital , is one of the world's largest aircraft leasing companies. It is owned by a consortium of leading Japanese institutions: Sumitomo Mitsui Banking Corporation (SMBC), Sumitomo Mitsui Finance and Leasing Company Limited (SMFL) and Sumitomo Corporation . Headquartered in
120-460: The " Big Three credit rating agencies ", along with Moody's and Standard & Poor's . Fitch Ratings is dual headquartered in New York and London . Hearst owns 100 percent of the company following its acquisition of an additional 20 percent for $ 2.8 billion on April 12, 2018. Hearst had owned 80 percent of the company after increasing its ownership stake by 30 percent on December 12, 2014, in
135-489: The Fitch Publishing Company. In 1989, the company was acquired by a group including Robert Van Kampen . In 1997, Fitch was acquired by FIMALAC and was merged with London-based IBCA Limited, a FIMALAC subsidiary. In 2000, Fitch acquired both Chicago-based Duff & Phelps Credit Rating Co. (April) and Thomson Financial BankWatch (December). Fitch Ratings is the third largest NRSRO rating agency, covering
150-586: The International Financial Services Centre in Dublin and with locations in Amsterdam, Beijing, Hong Kong, New York, Seattle, Miami, Shanghai, Singapore, Tokyo and Toulouse, the company employs over 300 people. The company currently has a portfolio of 982 owned, managed and committed aircraft (as of 31 December 2023). It has more than 150 airline customers in over 50 countries worldwide, including
165-780: The completion of its first export financing deal and also the location of a representative in Beijing. In 2012, the company was acquired by the Japanese consortium for $ 7.3 billion, which was the largest ever global sale of an aircraft leasing business. The sale completed on 1 June 2012 and the business was renamed SMBC Aviation Capital. In 2014, the company placed orders for new aircraft with Boeing and Airbus, representing future commitments of close to $ 20 billion, comprising 110 A320neo aircraft and five A321ceo aircraft from Airbus, for delivery between 2017 and 2022, and 80 B737 MAX 8 aircraft from Boeing, for delivery between 2018 and 2022. The B737 MAX deal
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#1733092684456180-404: The potential level of default within a 12-month period. Launched in 2008, Fitch Solutions offers a range of fixed-income products and professional development services for financial professionals. The firm also distributes Fitch Ratings' proprietary credit ratings, research, financial data, and analytical tools. The main credit rating agencies , including Fitch, were accused of misrepresenting
195-530: The risks associated with mortgage-related securities, which included the collateralized debt obligation (CDO) market. There were large losses in the CDO market that occurred despite being assigned top ratings by the CRAs. For instance, losses on $ 340.7 million worth of collateralized debt obligations (CDO) issued by Credit Suisse Group added up to about $ 125 million, despite being rated AAA by Fitch. However, differently from
210-478: Was founded in 1994 as International Aviation Management Group by Domhnal Slattery. In 2001, Royal Bank of Scotland Group acquired the company and rebranded it as Lombard Aviation Capital . The company was rebranded again in 2004 as RBS Aviation Capital . By 2005, the company had taken delivery of its 200th aircraft and opened locations in Toulouse and Seattle, with expansion into South East Asia in 2007. 2009 saw
225-467: Was valued at more than $ 8.5 billion at list prices (although buyers typically get significant discounts). The company received its first credit ratings of BBB+ from S&P and BBB from Fitch in 2014. Fitch ratings upgraded the company from BBB to BBB+ in 2015, making it one of the highest rated lessors in the industry. In 2015, the company set up a €600 million revolving credit facility. The current CEO, Peter Barrett, assumed his position in 2004. He
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