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

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

Research Update: Netherlands-Based LeasePlan Corporation N.V. Ratings Raised To 'A/A-1'; Outlook Stable - S&P Global Ratings’ Credit Research
Research Update: Netherlands-Based LeasePlan Corporation N.V. Ratings Raised To 'A/A-1'; Outlook Stable
Published Nov 30, 2005
Published Nov 30, 2005
Price US$ 225.00  |  Buy this Report Now

About This Report

  
Abstract:

On Nov. 30, 2005, Standard&Poor's Ratings Services 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 the bank was acquired by Volkswagen AG (VW AG; A-/Negative/A-2) and two Gulf-based investors in November 2004. Volkswagen AG subsequently transferred its 50% ownership of LeasePlan 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 mix of bank lines and capital market issues. The bank has diversified and lengthened its funding

  
Report Type:

Research Update

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. "Research Update: 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/Research-Update-Netherlands-Based-LeasePlan-Corporation-N-V-Ratings-Raised-To-A-A-1-Outlook-Stable-478429>
  
APA:
S&P Global Ratings’ Credit Research. (). Research Update: 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/Research-Update-Netherlands-Based-LeasePlan-Corporation-N-V-Ratings-Raised-To-A-A-1-Outlook-Stable-478429>
  
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