SCF Rahoituspalvelut X DAC Finnish Auto ABS Class B and C-Dfrd Notes Upgraded; Class A Rating Affirmed

We have 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 'AA- (sf)' and to 'A (sf)' from 'A- (sf)' our ratings on the class B and C-Dfrd notes. 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 (89.32%) and a smaller portion of loans for light commercial vehicles, motorbikes, campers, and caravans originated by SCF Finland, which closed in October 2021. FRANKFURT (S&P Global Ratings) March 22, 2024--S&P Global Ratings today raised to 'AA (sf)' from 'AA- (sf)' and to 'A (sf)' from

...- We have 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 '##- (sf)' and to 'A (sf)' from 'A- (sf)' our ratings on the class B and C-Dfrd notes. 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 (89.32%) and a smaller portion of loans for light commercial vehicles, motorbikes, campers, and caravans originated by SCF Finland, which closed in October 2021. FRANKFURT (S&P Global Ratings) March 22, 2024--S&P Global Ratings today raised to '## (sf)' from '##- (sf)' and to 'A (sf)' from 'A- (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. Our ratings address timely payment of interest and ultimate payment of principal on the class...

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