Ratings Assigned To German Auto ABS VCL Master Compartment 1's New Series; All Other VCL Master Comp 1&2 Series Affirmed Nov 12
- Language: English
- Published: November 2012
- Region: Germany
OVERVIEW Performance since closing in November 2010 has remained stable. We have affirmed our 'AAA (sf)' rating on the class A notes. We have subsequently withdrawn our rating in Royal Street NV-SA compartment Royal Street-2, at the issuer's request. LONDON (Standard & Poor's) Jan. 24, 2012--Standard & Poor's Ratings Services today affirmed its 'AAA (sf)' credit rating on Royal Street NV-SA compartment Royal Street-2's class A notes. We have subsequently withdrawn our rating on the class A notes, at the issuer's request. Prior to our withdrawal of a rating, we review the rating on the relevant notes. Our analysis of the collateral indicates stable arrears and low levels of defaults. The reserve fund remains fully funded and has never been...
Companies mentioned in this report are: Royal Street NV-SA compartment Royal Street-2
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Research type: News
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Royal Street NV-SA compartment Royal Street-2