...Fitch Ratings expects to rate the auto lease ABS issued by Mercedes-Benz Auto Lease Trust (MBALT) 2026-B as listed above. The notes will be secured by an exchange note backed by a pool of closed-end vehicle leases on new Mercedes-Benz vehicles manufactured by Mercedes- Benz Group AG (formerly Daimler AG). All leases were originated through Mercedes-Benz Financial Services USA LLC (MBFS), an indirect, wholly owned subsidiary of Mercedes-Benz Group AG, which will also act as servicer. Fitch most recently rated the prior 2026-A series. The 2026-B transaction references two potential pools to be securitized: a $1.22 billion pool and a larger $1.52 billion pool, with the notes totaling $1.06 billion and $1.32 billion, respectively. The pools are materially similar, and this report mainly references the base $1.22 billion pool and corresponding capital structure....
