S&P changes LeasePlan outlook

S&P said it revised the outlook on LeasePlan Corp. NV to positive from stable and affirmed the BBB-/A-3 long- and short-term issuer credit ratings.

At the same time, the agency affirmed the BB+ long-term issuer credit rating on Lincoln Financing Holdings PTE Ltd.

The outlook is stable.

“We believe LeasePlan will achieve more robust operating performance, supporting its earnings prospects and profitability,” S&P said in a news release.

“After a period of uncertainty following a change in ownership, we think the group's revised strategy, which is to focus on solidifying its position in its core markets and improving its efficiency, reduces the risk of more aggressive or acquisitive growth.”

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