Fitch Ratings has upgraded AMW Capital Leasing And Finance PLC's (AMWCL) National Long-Term Rating to 'BBB+(lka)' from 'BBB(lka)'. Support-Driven Rating: AMWCL's rating is based on our expectation of support from AMW. That said, AMWCL's rating is constrained by our view that any required support could be considerable relative to AMW's financial resources, given the subsidiary's growing size. Weak Standalone Credit Profile: Fitch views AMWCL's standalone credit profile as weaker than its support-driven rating due to its small franchise (0.5% of finance and leasing sector assets at end-1Q26), rising risk appetite and weaker financial metrics than higher-rated peers. Public Ratings with Credit Linkage to other ratingsAMWCL's rating is directly linked to the credit profile of AMW, the parent.