This report does not constitute a rating action. On July 16, 2026, S&P Global Ratings published a request for comment (RFC) on its proposed criteria,"Request For Comment: Methodology For Rating SME Securitizations ."We finalized and published our criteria,"Methodology For Rating SME Securitizations ,"on Nov. 5, 2026. We'd like to thank those who took an interest in our RFC. We did not receive any substantive comments. We published the final criteria without making any significant analytical changes. We have not made any significant analytical changes since the publication of the RFC. In the final criteria, we specified that the framework and analytical judgment is applied when assessing atypical risks or mitigants that are not described
