Outlook On Dutch Bank LeasePlan Revised To Positive After Same Action On Volkswagen Bank; 'BBB+/A-2' Ratings Affirmed - S&P Global Ratings’ Credit Research

Outlook On Dutch Bank LeasePlan Revised To Positive After Same Action On Volkswagen Bank; 'BBB+/A-2' Ratings Affirmed

Outlook On Dutch Bank LeasePlan Revised To Positive After Same Action On Volkswagen Bank; 'BBB+/A-2' Ratings Affirmed - S&P Global Ratings’ Credit Research
Outlook On Dutch Bank LeasePlan Revised To Positive After Same Action On Volkswagen Bank; 'BBB+/A-2' Ratings Affirmed
Published Aug 28, 2012
Published Aug 28, 2012
Price US$ 150.00  |  Buy this Report Now

About This Report

  
Abstract:

On Aug. 27, 2012, we revised to positive from stable our outlooks on Volkswagen AG (VW AG) and its subsidiary Volkswagen Bank AG (VW Bank), the 50% owner of LeasePlan Corporation N.V (LeasePlan). We view LeasePlan as a strategically important subsidiary of VW Bank, and therefore believe that the bank would receive extraordinary support from its owner in case of need. We are revising the outlook on LeasePlan to positive from stable and affirming our 'BBB+/A-2' ratings on the bank. The positive outlook mirrors that on LeasePlan's direct and ultimate parent, VW Bank. MILAN (Standard&Poor's) Aug. 28, 2012--Standard&Poor's Ratings Services said today that it has revised its outlook on LeasePlan Corporation N.V (LeasePlan) to positive from

  
Report Type:

Ratings Action

Ticker
1170Z@NA
Issuer
GICS
Consumer Finance (40202010)
Sector
Global Issuers, Structured Finance
Country
Region
Pacific
Format:
PDF Adobe Acrobat
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S&P Global Ratings’ Credit Research—S&P Global Ratings’ credit research provides analysis on issuers and debt obligations of corporations, states and municipalities, financial institutions, insurance companies and sovereign governments. S&P Global Ratings also offers insight into the credit risk of structured finance deals, providing an independent view of credit risk associated with a growing array of debt-securitized instruments.

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Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "Outlook On Dutch Bank LeasePlan Revised To Positive After Same Action On Volkswagen Bank; 'BBB+/A-2' Ratings Affirmed" Aug 28, 2012. Alacra Store. May 04, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Outlook-On-Dutch-Bank-LeasePlan-Revised-To-Positive-After-Same-Action-On-Volkswagen-Bank-BBB-A-2-Ratings-Affirmed-1003929>
  
APA:
S&P Global Ratings’ Credit Research. (). Outlook On Dutch Bank LeasePlan Revised To Positive After Same Action On Volkswagen Bank; 'BBB+/A-2' Ratings Affirmed Aug 28, 2012. New York, NY: Alacra Store. Retrieved May 04, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Outlook-On-Dutch-Bank-LeasePlan-Revised-To-Positive-After-Same-Action-On-Volkswagen-Bank-BBB-A-2-Ratings-Affirmed-1003929>
  
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