Deutsche Leasing receives an A+ from Fitch
Bad Homburg, 10.10.2024
- Fitch is the first rating agency to assign an issuer rating to Deutsche Sparkassen Leasing AG & Co. KG and Deutsche Factoring Bank GmbH & Co. KG
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Long-term rating of A+ is on level with Sparkassen-Finanzgruppe
On 4 October 2024, the rating agency Fitch (Fitch Ratings Ltd.) gave Deutsche Sparkassen Leasing AG & Co. KG a long-term issuer default rating of A+ (Stable Outlook) and a short-term rating of F1. With this rating in the “Investment Grade” category, Fitch is the first rating agency to confirm the company’s credit worthiness and solidity. Just a few weeks before, Deutsche Factoring Bank GmbH & Co. KG, as a Deutsche Leasing Group company, also received a rating of “A+/stable”. For both companies, which are wholly owned directly and indirectly by the savings banks, this is the first official issuer rating of its kind in their history. The long-term rating of A+ corresponds to the rating received by Sparkassen-Finanzgruppe.
About Deutsche Leasing
The Deutsche Leasing Group is the solution-oriented asset finance partner for the German SME sector. The company provides support for investment projects in Germany and other countries and offers a wide range of financing solutions (asset finance) and supplementary services (asset services) for current and non-current assets. The company helps its customers to finance change and innovation when it comes to the key transformative issues of our time – in the areas of decarbonisation, digitalisation and forward-looking infrastructure. As a central and international group partner, the Deutsche Leasing Group is Sparkassen-Finanzgruppe’s centre of excellence for leasing, factoring as well as other alternative forms of financing. Within this group, the savings banks in Germany are able to meet their corporate and company customers’ individual needs and offer them advice as well as financing products tailored to their specific investment projects. In its international business segment, Deutsche Leasing supports its German customers’ activities in over 20 countries, including their core European export markets as well as China, the USA, Canada and Brazil. For over 60 years, Deutsche Leasing has helped its small and medium-sized customers from industry, commerce, the service sector and the public sector to invest in innovation and transformation.
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