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

We reviewed SCF Rahoituspalvelut XI DAC's performance by analyzing the transaction's underlying assets and structural features. Following our review, we raised to 'BBB+ (sf)' from 'BBB (sf)' our rating on the class C-Dfrd notes. At the same time, we affirmed our 'AAA (sf)' and 'AA+ (sf)' ratings on the class A and B notes, respectively. This is a Finnish ABS transaction originated by SCF Finland and comprising primarily auto loans for cars (88.77%) and light commercial vehicles, motorbikes, campers, and caravans. It closed in June 2022. FRANKFURT (S&P Global Ratings) June 23, 2023--S&P Global Ratings today raised to 'BBB+ (sf)' from 'BBB (sf)' its credit rating on SCF Rahoituspalvelut XI DAC's class C-Dfrd notes. At the same time, we affirmed

...- We reviewed SCF Rahoituspalvelut XI DAC's performance by analyzing the transaction's underlying assets and structural features. - Following our review, we raised to '###+ (sf)' from '### (sf)' our rating on the class C-Dfrd notes. At the same time, we affirmed our '### (sf)' and '##+ (sf)' ratings on the class A and B notes, respectively. - This is a Finnish ABS transaction originated by SCF Finland and comprising primarily auto loans for cars (88.77%) and light commercial vehicles, motorbikes, campers, and caravans. It closed in June 2022. FRANKFURT (S&P Global Ratings) June 23, 2023--S&P Global Ratings today raised to '###+ (sf)' from '### (sf)' its credit rating on SCF Rahoituspalvelut XI DAC's class C-Dfrd notes. At the same time, we affirmed our '### (sf)' and '##+ (sf)' ratings on the class A and B notes, respectively. 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...

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