Moody's assigns definitive ratings to Australian consumer ABS issued by hummgroup - Moody's Global Credit Research

Moody's assigns definitive ratings to Australian consumer ABS issued by hummgroup

Moody's assigns definitive ratings to Australian consumer ABS issued by hummgroup - Moody's Global Credit Research
Moody's assigns definitive ratings to Australian consumer ABS issued by hummgroup
Published Mar 28, 2024
6 pages (2858 words) — Published Mar 28, 2024
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Rating Action

Issuer
humm ABS Aurora Trust
Format:
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humm ABS Aurora Trust: New Issue - hummgroup's first Australian consumer ABS transaction for 2024 - New Issue Report – 2024/03/28 – US$ 250.00 – ...Humm ABS Aurora Trust is an Australian ABS originated by humm BNPL Pty Ltd (originator) and serviced by humm BNPL Pty Ltd, subsidiaries of Humm Group Limited (hummgroup). It is a cash securitisation of unsecured retail, Point of Sale Payments Plans (PosPP) consumer solar receivables originated under the brand 'humm' and extended to consumer obligors in Australia. The transaction features a sequential/pro rata paydown structure. The Notes will be repaid on a sequential basis starting with the Class A-G notes until pro rata paydown conditions are satisfied, upon which principal will be distributed pro rata among Class A-G to Class E-G notes (Class F-G will be paid pro rata when a secondary set of pro rata paydown conditions are satisfied). If the pro rata conditions are not satisfied then the principal collections will be distributed sequentially starting with Class A-G notes. In general, we consider environmental, social and governance credit risks to be low for this transaction. Environmental...

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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 assigns definitive ratings to Australian consumer ABS issued by hummgroup" Mar 28, 2024. Alacra Store. Apr 27, 2024. <http://www.alacrastore.com/moodys-credit-research/Moody-s-assigns-definitive-ratings-to-Australian-consumer-ABS-issued-by-hummgroup-PR_485603>
  
APA:
Moody's Global Credit Research. (). Moody's assigns definitive ratings to Australian consumer ABS issued by hummgroup Mar 28, 2024. New York, NY: Alacra Store. Retrieved Apr 27, 2024 from <http://www.alacrastore.com/moodys-credit-research/Moody-s-assigns-definitive-ratings-to-Australian-consumer-ABS-issued-by-hummgroup-PR_485603>
  
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