NEW YORK--(BUSINESS WIRE)--Element Financial Corporation has announced an agreement to acquire GE Capital’s (NYSE: GE) fleet management operations (“GE Fleet”) in the United States, Mexico, Australia and New Zealand, while Arval, a wholly-owned subsidiary of BNP Paribas has signed a Memorandum of Understanding to acquire the European portfolio. Following the announcement, Kroll Bond Rating Agency (KBRA) has affirmed the issuer/senior unsecured debt rating of BBB+ for Element Financial Corporati
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