SCF Rahoituspalvelut XI DAC Finnish Auto ABS Notes Assigned Preliminary Ratings

We assigned our preliminary ratings to SCF Rahoituspalvelut XI DAC's asset-backed floating-rate class A, B, and C-Dfrd notes. The underlying collateral comprises Finnish loan receivables for primarily cars and a smaller proportion of light commercial vehicles, motorbikes, caravans, and campers. MILAN (S&P Global Ratings) May 11, 2022--S&P Global Ratings assigned its preliminary credit ratings to SCF Rahoituspalvelut XI DAC's asset-backed floating-rate class A, B, and C-Dfrd notes. At closing, SCF Rahoituspalvelut XI will also issue unrated asset-backed class D notes. This is Santander Consumer Finance Oy's (SCF Oy) 11th publicly rated ABS transaction and the third we have rated after SCF Rahoituspalvelut X DAC in 2021. The underlying collateral comprises Finnish loan receivables for primarily cars and a smaller proportion

...- We assigned our preliminary ratings to SCF Rahoituspalvelut XI DAC's asset-backed floating-rate class A, B, and C-Dfrd notes. - The underlying collateral comprises Finnish loan receivables for primarily cars and a smaller proportion of light commercial vehicles, motorbikes, caravans, and campers. MILAN (S&P Global Ratings) May 11, 2022--S&P Global Ratings assigned its preliminary credit ratings to SCF Rahoituspalvelut XI DAC's asset-backed floating-rate class A, B, and C-Dfrd notes. At closing, SCF Rahoituspalvelut XI will also issue unrated asset-backed class D notes. This is Santander Consumer Finance Oy's (SCF Oy) 11th publicly rated ABS transaction and the third we have rated after SCF Rahoituspalvelut X DAC in 2021. 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...

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