Moody's: Saudi Arabia's Aviles is committed to its aircraft purchase plans thanks to strong liquidity.

Aviles, an aircraft leasing company owned by the Public Investment Fund, has strong liquidity that enables it to commit to planned aircraft purchases and repay its debt over the next 12 months, according to Moody's. Moody's, which today assigned Aviles its first-ever long-term credit rating of Baa2, an investment grade, noted that the company's liquidity has been strengthened by its recent $1.5 billion unsecured revolving credit facility, which …