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Fitch places LeasePlan on Rating Watch Positive

Fitch Ratings on Oct. 5 placed LeasePlan Corp. NV's BBB+/F2 long- and short-term issuer default ratings on Rating Watch Positive.

The company's "bbb+" viability rating and BBB+ long-term senior unsecured debt rating were also placed on Rating Watch Positive, while its support rating was affirmed at 5.

The actions come after Fitch completed its commercial fleet leasing peer review. They also follow the announcement that LeasePlan Group NV, LeasePlan Corp.'s parent, plans to list its shares on Euronext Amsterdam and Euronext Brussels.

Fitch said the rating watch placement reflects its expectation that LeasePlan's financial flexibility will improve following the listing.