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BNP Paribas Lease Group Rated 'A+/A-1'; Outlook Positive; Ratings on BNP Lease Withdrawn Jul 00
Standard & Poors, July 2000
Abstract
PARIS (Standard & Poor's CreditWire) July 4, 2000--Following yesterday's approval by the general assemblies of BNP Lease S.A. and UFB Locabail--two fully owned subsidiaries of BNP Paribas--of the merger of the two companies to form BNP Paribas Lease Group, Standard & Poor's today assigned its single-'A'-plus long-term and 'A-1' short-term ratings to the new entity. The outlook is positive. In a related rating action, Standard & Poor's withdrew all its long- and short-term ratings on BNP Lease. The long-term ratings and positive outlooks on Natiocredibail and Natiocredimurs, subsidiaries of BNP Lease, were affirmed. BNP Paribas Lease Group has assumed all the legal obligations, including the rated debt, of BNP Lease and UFB Locabail as of July 3, 2000. (See list...
Companies mentioned in this report are: BNP Paribas Lease Group,BNP Paribas,Natiocredibail,Natiocredimurs
Action: Various Rating Actions
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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