LeasePlan Corporation Short-Term Rating Lowered To 'A-2'; Off Watch - S&P Global Ratings’ Credit Research

LeasePlan Corporation Short-Term Rating Lowered To 'A-2'; Off Watch

LeasePlan Corporation Short-Term Rating Lowered To 'A-2'; Off Watch - S&P Global Ratings’ Credit Research
LeasePlan Corporation Short-Term Rating Lowered To 'A-2'; Off Watch
Published Jun 15, 2004
Published Jun 15, 2004
Price US$ 150.00  |  Buy this Report Now

About This Report

  
Abstract:

LONDON (Standard&Poor's) June 15, 2004--Standard&Poor's Ratings Services said today it lowered its short-term ratings on Netherlands-based car fleet management and leasing company LeasePlan Corporation N.V. (LeasePlan) to 'A-2' from 'A-1', including the short-term counterparty credit rating on the company. At the same time, Standard&Poor's removed the ratings from CreditWatch, where they were placed on April 22, 2004. The rating downgrade solely reflects today's downgrade of Volkswagen AG (VW; A-/Negative/A-2; see related media release entitled "Volkswagen AG and Subs Ratings Cut To 'A-/A-2' on Weakening Profitability; Outlook Negative", published today on RatingsDirect, Standard&Poor's Web-based credit analysis system). LeasePlan's shareholding is due to be transferred to VW and two long-term Gulf-based investors from ABN

  
Report Type:

Ratings Action

Ticker
1170Z@NA
Issuer
LeasePlan Corp. N.V.
GICS
Consumer Finance (40202010)
Sector
Global Issuers, Public Finance, Structured Finance
Country
Netherlands
Region
Pacific
Format:
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Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "LeasePlan Corporation Short-Term Rating Lowered To 'A-2'; Off Watch" Jun 15, 2004. Alacra Store. May 06, 2025. <http://www.alacrastore.com/s-and-p-credit-research/LeasePlan-Corporation-Short-Term-Rating-Lowered-To-A-2-Off-Watch-379700>
  
APA:
S&P Global Ratings’ Credit Research. (). LeasePlan Corporation Short-Term Rating Lowered To 'A-2'; Off Watch Jun 15, 2004. New York, NY: Alacra Store. Retrieved May 06, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/LeasePlan-Corporation-Short-Term-Rating-Lowered-To-A-2-Off-Watch-379700>
  
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