 Moodys Investors Service, Moodys placed its ratings for Fly Leasing Limited FLY and its subsidiaries, including the Ba3 Corporate Family Rating CFR and B1 senior unsecured rating, on review for downgrade. Ratings placed on review for downgrade reflect Moodys expectation that recovery in the severely disrupted passenger airline industry will be slower to develop than originally anticipated, increasing lessors financial performance risks. 