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S&P lifts RESO-Leasing to BB
S&P said it raised the long-term counterparty credit rating on RESO-Leasing to BB from BB- and affirmed its B short-term counterparty credit rating.
The outlook is stable.
S&P said the upgrade follows that on RESO-Leasing's parent – RESO-Garantia – on July 24. The agency continues to view RESO-Leasing as a strategically important subsidiary of RESO-Garantia and therefore adds three notches of uplift to the b assessment of RESO-Leasing's stand-alone credit profile (SACP), capping the long-term rating one notch below the group credit profile of bb+.
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