Fitch revises LeasePlan view to stable

Fitch Ratings said it revised the outlook on LeasePlan Corp. NV to stable from negative and affirmed the issuer rating at BBB+.

The agency also affirmed Lincoln Financing Sarl's senior secured notes' long-term rating at BB- and the long-term IDR of the notes' guarantor, Lincoln Financing Holdings Pte Ltd. at BB- and revised the outlook to stable from negative.

The stable outlook reflects the view that the business model held up well during the pandemic, with asset quality remaining sound and revenue in its core leasing activities supported by a proactive portfolio approach (including contract extensions on maturing leasing contracts), Fitch said.

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