SCF Rahoituspalvelut X Finnish Auto ABS Notes Assigned Preliminary Ratings

We have assigned our ratings to SCF Rahoituspalvelut X's class A, B, and C-Dfrd notes. SCF Rahoituspalvelut X securitizes a portfolio of Finnish auto loans that Santander Consumer Finance Oy originated. MILAN (S&P Global Ratings) Oct. 19, 2021--S&P Global Ratings today assigned its credit ratings to SCF Rahoituspalvelut X DAC's asset-backed floating-rate class A, B, and C-Dfrd notes. At closing, SCF Rahoituspalvelut X also issued unrated asset-backed class D notes. This is Santander Consumer Finance Oy's (SCF Oy) 10th publicly rated ABS transaction and the second we rate after SCF Rahoituspalvelut IX DAC in 2020. The underlying collateral comprises Finnish loan receivables for primarily cars and a smaller proportion of light commercial vehicles, motorbikes, caravans, and campers. SCF Oy originated

...- We have assigned our ratings to SCF Rahoituspalvelut X's class A, B, and C-Dfrd notes. - SCF Rahoituspalvelut X securitizes a portfolio of Finnish auto loans that Santander Consumer Finance Oy originated. MILAN (S&P Global Ratings) Oct. 19, 2021--S&P Global Ratings today assigned its credit ratings to SCF Rahoituspalvelut X DAC's asset-backed floating-rate class A, B, and C-Dfrd notes. At closing, SCF Rahoituspalvelut X also issued unrated asset-backed class D notes. This is Santander Consumer Finance Oy's (SCF Oy) 10th publicly rated ABS transaction and the second we rate after SCF Rahoituspalvelut IX DAC in 2020. The underlying collateral comprises Finnish loan receivables for primarily cars and a smaller proportion of light commercial vehicles, motorbikes, caravans, and campers. SCF Oy originated and granted the loans to its private and commercial retail customers. According to the pool, 62.9% of the current principal balance amortize with a final balloon payment. Like its predecessor...

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