New York, September 22, 2014 -- Moody's Investors Service upgraded FLY Leasing Limited's (FLY) senior unsecured rating to B2 from B3 and affirmed the company's B1 corporate family rating. Moody's also assigned a B2 rating to FLY's proposed $400 million senior notes issuance and a (P)B2 rating to the company's new senior unsecured shelf. The outlook for FLY's ratings is stable.

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