Moody's Ratings assigns provisional ratings to auto ABS issued by Taurus 2024-1PP Trust - Moody's Global Credit Research

Moody's Ratings assigns provisional ratings to auto ABS issued by Taurus 2024-1PP Trust

Moody's Ratings assigns provisional ratings to auto ABS issued by Taurus 2024-1PP Trust - Moody's Global Credit Research
Moody's Ratings assigns provisional ratings to auto ABS issued by Taurus 2024-1PP Trust
Published Apr 26, 2024
6 pages (3076 words) — Published Apr 26, 2024
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Taurus 2024-1PP Trust
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Taurus 2024-1PP Trust: Pre-Sale Taurus Finance's first auto ABS issuance of 2024 - Pre-Sale Report – 2024/04/26 – US$ 250.00 – ...Taurus 2024-1PP Trust (Taurus 2024-1) transaction is a static cash securitisation of consumer and commercial auto loans extended to prime borrowers in Australia. Taurus Finance Holdings Pty Limited (Taurus, unrated) originated and services the receivables. This is Taurus' third term asset-backed security (ABS) transaction. Taurus is a finance company that originates retail auto loans and provides floorplan finance to automotive dealers. Taurus was founded in 2016 and started originating retail auto loans in October 2019. As of 29 February 2024, Taurus had a loan portfolio of AUD690.1 million of retail auto loans....

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Moody's Global Credit Research—Moody's Investors Service, a leading global credit rating, research and risk analysis firm, publishes credit opinions, research, and ratings on fixed-income securities, issuers of securities and other credit obligations. Credit ratings and research help investors analyze the credit risks associated with fixed-income securities. Ratings also create efficiencies in fixed-income markets and similar obligations, such as insurance and derivatives, by providing reliable, credible, and independent assessments of credit risk. For issuers, Moody's services increase market liquidity and may reduce transaction costs.

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MLA:
Moody's Global Credit Research. "Moody's Ratings assigns provisional ratings to auto ABS issued by Taurus 2024-1PP Trust" Apr 26, 2024. Alacra Store. May 06, 2024. <http://www.alacrastore.com/moodys-credit-research/Moody-s-Ratings-assigns-provisional-ratings-to-auto-ABS-issued-by-Taurus-2024-1PP-Trust-PR_485600>
  
APA:
Moody's Global Credit Research. (). Moody's Ratings assigns provisional ratings to auto ABS issued by Taurus 2024-1PP Trust Apr 26, 2024. New York, NY: Alacra Store. Retrieved May 06, 2024 from <http://www.alacrastore.com/moodys-credit-research/Moody-s-Ratings-assigns-provisional-ratings-to-auto-ABS-issued-by-Taurus-2024-1PP-Trust-PR_485600>
  
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