The rating on ABN AMRO Lease Holding N.V. (AALH) is based on the bank's ownership by ABN AMRO Bank N.V. (AA/Stable/A-1+), its strong market position, high and stable profitability, and sound asset quality. While AALH remains under ABN AMRO Bank ownership, an announced reorganization of the group was made in 2000 in which AALH was not included as part of the revised strategic business units. As such, Standard&Poor's considers AALH to no longer be a core activity of the group and believes a sale of the business could occur. Nonetheless, AALH will continue to have a solid commercial and financial profile. ABN AMRO Bank's ratings reflect its position as one of the largest and most diversified European universal
