MELBOURNE (S&P Global Ratings) Nov. 4, 2026--S&P Global Ratings today assigned its preliminary ratings to six classes of asset-backed securities (ABS) to be issued by RMC Fiduciary Services Pty Ltd. as trustee of RAF Trust in respect of RAF ABS Series 2026-1. The notes are backed by a pool of commercial chattel mortgage agreements secured by motor vehicles and wheeled and nonwheeled equipment originated by Resimac Asset Finance Pty Ltd. (RAF). This is the third securitization of auto and equipment assets originated by RAF. The preliminary ratings reflect the following factors. The credit risk of the underlying collateral portfolio and the credit support available are commensurate with the preliminary ratings assigned. Credit support for the rated notes is provided in
