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Athlon Holding N.V. Upgraded To 'A/A-1'; Off Watch Pos; Ratings Withdrawn At Company's Request Jul 06
Standard & Poors, July 2006
Abstract
PARIS (Standard & Poor's) July 26, 2006--Standard & Poor's Ratings Services said today that it raised its long- and short-term counterparty credit ratings on Dutch car-leasing company Athlon Holding N.V. to 'A/A-1' from 'BBB-/A-3'. The outlook is positive. The ratings were then removed from CreditWatch, where they were originally placed with positive implications on March 23, 2006. We subsequently withdrew the counterparty credit and debt ratings, at Athlon's request. 'The upgrade reflects potential support from new majority shareholder, De Lage Landen International, a 100% owned subsidiary of Rabobank Nederland, following the successful completion of its public offering for Athlon's shares,' said Standard & Poor's credit analyst Xavier Got. Netherlands-based De Lage Landen (not rated), a diversified provider of asset-based financing...
Companies mentioned in this report are: Athlon Holding N.V.,Cooperatieve Centrale Raiffeisen-Boerenleenbank B.A. (Rabobank Nederland)
Action: Outlook: Stable
Action: Removed From CreditWatch
Action: Upgraded
Action: Withdrawn
Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
Research type: News
This product is a is a brief one-page announcement of no more than 500 words with a quote from the analyst. It is media and investor focused with no accompanying commentary article.
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