Netherlands-Based LeasePlan Corporation N.V. Ratings Raised To 'A/A-1'; Outlook Stable - S&P Global Ratings’ Credit Research

Netherlands-Based LeasePlan Corporation N.V. Ratings Raised To 'A/A-1'; Outlook Stable

Netherlands-Based LeasePlan Corporation N.V. Ratings Raised To 'A/A-1'; Outlook Stable - S&P Global Ratings’ Credit Research
Netherlands-Based LeasePlan Corporation N.V. Ratings Raised To 'A/A-1'; Outlook Stable
Published Nov 30, 2005
620 words — Published Nov 30, 2005
Price US$ 150.00  |  Buy this Report Now

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Abstract:

PARIS (Standard&Poor's) Nov. 30, 2005--Standard&Poor's Ratings Services said today that it raised its long- and short-term counterparty credit ratings to 'A/A-1' from 'A-/A-2' on LeasePlan Corporation N.V., a Netherlands-based bank specialized in operational car leasing and fleet management. The outlook is stable. "The upgrade reflects LeasePlan's establishment of an independent funding base since it was acquired by Volkswagen group," said Standard&Poor's credit analyst Xavier Got. After Volkswagen AG (VW AG; A-/Negative/A-2) and two Gulf-based investors purchased the bank in November 2004, VW AG transferred its 50% ownership to Volkswagen Bank GmbH (VW Bank; A-/Stable/A-2). LeasePlan has been able to replace the short-term funding provided by ABN AMRO Bank N.V., its former shareholder, by a

  
Brief Excerpt:

RESEARCH Netherlands-Based LeasePlan Corporation N.V. Ratings Raised To 'A/A-1'; Outlook Stable Publication date: 30-Nov-2005 PARIS (Standard & Poor's) Nov. 30, 2005--Standard & Poor's Ratings Services said today that it raised its long-...

  
Report Type:

Ratings Action

Ticker
1170Z@NA
Issuer
LeasePlan Corp. N.V.
GICS
Consumer Finance (40202010)
Sector
Global Issuers, Structured Finance
Country
Netherlands
Region
Pacific
Format:
PDF Adobe Acrobat
Buy Now

Summary: LeasePlan Corporation N.V. – 2006/03/08 – US$ 225.00

Summary: LeasePlan Corporation N.V. – 2006/06/21 – US$ 225.00

LeasePlan Corporation N.V. – 2006/09/07 – US$ 500.00

Summary: LeasePlan Corporation N.V. – 2006/09/07 – US$ 225.00

LeasePlan Corporation N.V. – 2007/09/06 – US$ 500.00

LeasePlan Corporation N.V. – 2005/08/31 – US$ 500.00

Summary: LeasePlan Corporation N.V. – 2005/08/31 – US$ 225.00

Summary: LeasePlan Corporation N.V. – 2005/02/22 – US$ 225.00

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Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "Netherlands-Based LeasePlan Corporation N.V. Ratings Raised To 'A/A-1'; Outlook Stable" Nov 30, 2005. Alacra Store. May 05, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Netherlands-Based-LeasePlan-Corporation-N-V-Ratings-Raised-To-A-A-1-Outlook-Stable-478428>
  
APA:
S&P Global Ratings’ Credit Research. (). Netherlands-Based LeasePlan Corporation N.V. Ratings Raised To 'A/A-1'; Outlook Stable Nov 30, 2005. New York, NY: Alacra Store. Retrieved May 05, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Netherlands-Based-LeasePlan-Corporation-N-V-Ratings-Raised-To-A-A-1-Outlook-Stable-478428>
  
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