SCF Rahoituspalvelut X DAC Class B and C Finnish ABS Ratings Raised; Class A Rating Affirmed

We reviewed SCF Rahoituspalvelut X DAC's performance by conducting our analysis of the transaction's underlying assets and structural features. Following our review, we raised to 'AA- (sf)' from 'A (sf)' and to 'A- (sf)' from 'BBB (sf)' our ratings on the class B and C-Dfrd notes, respectively. At the same time, we affirmed our 'AAA (sf)' rating on the class A notes. This is a Finnish ABS transaction comprising primarily auto loans for cars (88.62%) and a smaller portion of light commercial vehicles, motorbikes, campers, and caravans originated by SCF Finland, which closed in October 2021. FRANKFURT (S&P Global Ratings) March 14, 2023--S&P Global Ratings today raised to 'AA- (sf)' from 'A (sf)' and to 'A- (sf)' from 'BBB (sf)'

...- We reviewed SCF Rahoituspalvelut X DAC's performance by conducting our analysis of the transaction's underlying assets and structural features. - Following our review, we raised to '##- (sf)' from 'A (sf)' and to 'A- (sf)' from '### (sf)' our ratings on the class B and C-Dfrd notes, respectively. At the same time, we affirmed our '### (sf)' rating on the class A notes. - This is a Finnish ABS transaction comprising primarily auto loans for cars (88.62%) and a smaller portion of light commercial vehicles, motorbikes, campers, and caravans originated by SCF Finland, which closed in October 2021. FRANKFURT (S&P Global Ratings) March 14, 2023--S&P Global Ratings today raised to '##- (sf)' from 'A (sf)' and to 'A- (sf)' from '### (sf)' its credit ratings on SCF Rahoituspalvelut X DAC's class B and C-Dfrd notes, respectively. At the same time, we affirmed our '### (sf)' rating on the class A notes. There are also unrated asset-backed class D notes. Our ratings address timely payment of interest...

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