Fitch changes Baltic Leasing, Sollers view

Fitch Ratings said it affirmed the long-term issuer default ratings of Europlan at BB, Baltic Leasing JSC at BB-, Sollers-Finance LLC at BB- and Carcade LLC at B+.

The agency revised the outlooks on Baltic and Sollers to positive from stable and removed Baltic's issuer default ratings from rating watch positive.

The outlooks on Europlan and Carcade are stable.

“The rating actions on BaltLease, which include the assignment of a support rating of 3, reflect our assessment of the ability and propensity of BaltLease's new shareholder, PJSC Bank Otkritie Financial Corp., which acquired control of BaltLease in January 2019, to provide support to the leasing company,” the agency said in a news release.

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