Strong earnings and capitalization. Regulated status as a bank. Leading global position in commercial auto fleet leasing. A predominantly wholesale funding profile. Concentrated business focus. Significant exposure to double leverage risks. The stable outlook on LeasePlan Corporation N.V. reflects S&P Global Ratings' view that, over the next two years, LeasePlan will maintain its solid operating performance, strong capitalization, and supportive asset quality profile. It also reflects our view that new ownership will not result in a more aggressive financial policy and risk appetite. We could lower the ratings on LeasePlan within the next two years if we see evidence that its new ownership is altering the business or financial strategy of the company, for example, if the new owners further
