(Source: Fitch Inc) 05 Nov 2015 1:33 PM GMT/UTC Fitch Ratings-London-05 November 2015: Fitch Ratings has upgraded Virtual Lease Services Limited (VLS) ABS Primary Servicer Rating to 'ABPS3+' from 'ABPS3'. The upgrade reflects the continued growth of the primary servicing portfolio managed by VLS, which almost doubled in size by volume and value over the 12 months to end June 2015. Over the same period, there was also significant growth across stand by, block discounting and audit servicing agreements. At the time of review, a number of new mandates were in the pipeline. In Fitch's view, the continued growth and winning of mandates - with greater client diversity - suggests long-term support...
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