Following our review of Credito Issuing 3 Ltd. under our relevant criteria, we affirmed our'AA- (sf)'credit rating on the class A notes. Credito Ltd. group, a nonbank lender in the Israeli market, originated the loans. It began its lending business in 2015 and has been originating all-purpose mortgage loans since 2020 and offering second-lien loans since 2021. Credit enhancement for the rated notes comprises subordination, an amortizing reserve fund, and excess spread. The transaction features a combined waterfall, including various triggers that protect the senior notes if breached. MADRID (S&P Global Ratings) Oct. 29, 2026--S&P Global Ratings today affirmed its'AA- (sf)'credit rating on Credito Issuing 3 Ltd.'s class A notes. Credito Issuing 3 Ltd. (Credito
