...- Ford Auto Securitization Trust II, series 2024-A's issuance is an ABS securitization backed by prime auto loan receivables. - We assigned our preliminary ratings to the class A-1, A-2, A-3, and B notes. - The preliminary ratings reflect our view of the transaction's available credit support, and payment and legal structures, among other factors. NEW YORK (S&P Global Ratings) April 11, 2024--S&P Global Ratings today assigned its preliminary ratings to Ford Auto Securitization Trust II's series 2024-A asset-backed notes (see list). The note issuance is an ABS securitization backed by prime auto loan receivables. The preliminary ratings are based on information as of April 11, 2024. Subsequent information may result in the assignment of final ratings that differ from the preliminary ratings. The preliminary ratings reflect our view of: - The availability of approximately 8.6% and 7.2% credit support to the class A (class A-1, A-2, and A-3, collectively) and B notes, respectively (based on...
