Credit check This morning, aircraft lessor AerCap Holdings N.V. announced it will draw down all of its $4 billion unsecured revolving credit facility. CEO Aengus Kelly described the move as “a precautionary measure, given recent market volatility. . . AerCap continues to maintain a strong liquidity and financial position.” AerCap, the world’s largest owner of commercial aircraft, is rated triple-B at Standard & Poor’s and triple-B-minus at Fitch, the last stop before junk. Against $29.5 billion in total debt, including some $14 billion of maturities in 2020 through 2022, the company generated $4.3 billion in adjusted Ebitda last year. from Grant's...