Summary: LeasePlan Corporation N.V. - S&P Global Ratings’ Credit Research

Summary: LeasePlan Corporation N.V.

Summary: LeasePlan Corporation N.V. - S&P Global Ratings’ Credit Research
Summary: LeasePlan Corporation N.V.
Published Mar 08, 2006
821 words — Published Mar 08, 2006
Price US$ 225.00  |  Buy this Report Now

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Abstract:

The ratings on Netherlands-based LeasePlan Corporation N.V. are supported by its leading market position in operational car leasing and fleet management, wide geographic diversification, high and stable profitability, sound asset quality, prudent capital management, and the establishment of an independent funding base. The ratings remain constrained, however, by the bank's concentration on one single business segment. LeasePlan is currently 50% owned by Volkswagen Bank GmbH (VW Bank; A-/Stable/A-2) and two Gulf-based investors, each of whom holds 25%. Although Volkswagen AG (VW; A-/Negative/A-2) was the initial investor for the Volkswagen group when acquiring LeasePlan in November 2004, it subsequently transferred its stake to VW Bank. The ratings on LeasePlan are higher than those on its direct parent, VW Bank, due to

  
Brief Excerpt:

RESEARCH Summary: LeasePlan Corporation N.V. Publication date: 08-Mar-2006 Credit Rating: A/Stable/A-1 Rationale The ratings on Netherlands-based LeasePlan Corporation N.V. are supported by its leading market position in operational...

  
Report Type:

Summary

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
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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

Summary: LeasePlan Corporation N.V. – 2007/09/06 – US$ 225.00

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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MLA:
S&P Global Ratings’ Credit Research. "Summary: LeasePlan Corporation N.V." Mar 08, 2006. Alacra Store. May 05, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Summary-LeasePlan-Corporation-N-V-496522>
  
APA:
S&P Global Ratings’ Credit Research. (). Summary: LeasePlan Corporation N.V. Mar 08, 2006. New York, NY: Alacra Store. Retrieved May 05, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Summary-LeasePlan-Corporation-N-V-496522>
  
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