SCF Rahoituspalvelut XI DAC Class B And C-Dfrd Finnish Auto ABS Ratings Raised; Class A Rating Affirmed

We reviewed SCF Rahoituspalvelut XI DAC's performance by analyzing the transaction's underlying assets and structural features. Following our review, we raised our ratings on the class B and C-Dfrd notes. At the same time, we affirmed our rating on the class A notes. This is a Finnish ABS transaction originated by SCF Finland and comprising primarily auto loans for cars (90.38%) and light commercial vehicles, motorbikes, campers, and caravans. It closed in June 2022. FRANKFURT (S&P Global Ratings) Sept. 6, 2024--S&P Global Ratings today raised to 'AAA (sf)' from 'AA+ (sf)' and to 'AA (sf)' from 'BBB+ (sf)' its credit ratings on SCF Rahoituspalvelut XI DAC's class B and C-Dfrd notes, respectively. At the same time, we affirmed our 'AAA

...- We reviewed SCF Rahoituspalvelut XI DAC's performance by analyzing the transaction's underlying assets and structural features. - Following our review, we raised our ratings on the class B and C-Dfrd notes. At the same time, we affirmed our rating on the class A notes. - This is a Finnish ABS transaction originated by SCF Finland and comprising primarily auto loans for cars (90.38%) and light commercial vehicles, motorbikes, campers, and caravans. It closed in June 2022. FRANKFURT (S&P Global Ratings) Sept. 6, 2024--S&P Global Ratings today raised to '### (sf)' from '##+ (sf)' and to '## (sf)' from '###+ (sf)' its credit ratings on SCF Rahoituspalvelut XI 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 A and B notes and ultimate payment of interest and principal on the class C-Dfrd notes. Today's rating actions follow our...

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