MOODY'S AFFIRMS PRIME-1 RATINGS ASSIGNED TO $3BN ECP PROGRAMME OF LEASEPLAN CORPORATION OF THE NETHERLANDS FOLLOWING TODAY'S NAME CHANGE FROM ABN AMRO LEASE HOLDING
London, January 31, 2003 -- Moody's stated that the Prime-1 rating of the US$3bn ECP Programme of the Netherlands' LeasePlan Corporation N.V. (formerly known as ABN AMRO Lease Holding N.V.) will continue to apply following the bank's change of name.
ABN AMRO Lease Holding officially changed its name to LeasePlan Corporation N.V. today.
The Prime-1 rating also applies to paper issued from the US$3bn programme by three other issuing entities: Lease Plan Finance N.V. (Dublin Branch), which was formerly known as ABN AMRO Lease Finance N.V. (Dublin Branch); LeasePlan Australia Limited (name remains unchanged) and LeasePlan New Zealand Limited (name remains unchanged).
The US$3bn ECP programme is the only debt issued by the LeasePlan group which is rated by Moody's.
Lease Plan Corporation is based in Almere in the Netherlands and, as ABN AMRO Lease Holding, it had assets of €10.7bn at the end of December 2002.
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