Worldwide news

20Sep

FITCH ASSIGNS A- RATING (STABLE OUTLOOK) TO ALD

FITCH ASSIGNS A- RATING (STABLE OUTLOOK) TO ALD

Fitch Ratings today assigned ALD S.A. a Long-Term Issuer Default Rating (IDR) of A- with stable outlook.

Significant factors highlighted by the credit rating agency in its opinion are parental support from ALD’s majority shareholder, Societe Generale S.A., and its sound stand-alone credit profile, underpinned by its well-established, leading franchise in European car leasing, its well-articulated and soundly executed strategy and ordinary support from Societe Generale in its funding profile.

The full report is available here.