SCF Rahoituspalvelut XI DAC Finnish Auto ABS Notes Assigned Ratings

We assigned our 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) June 1, 2022--S&P Global Ratings assigned its credit ratings to SCF Rahoituspalvelut XI DAC's asset-backed floating-rate class A, B, and C-Dfrd notes. At closing, SCF Rahoituspalvelut XI also issued 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

...- We assigned our 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) June 1, 2022--S&P Global Ratings assigned its credit ratings to SCF Rahoituspalvelut XI DAC's asset-backed floating-rate class A, B, and C-Dfrd notes. At closing, SCF Rahoituspalvelut XI also issued 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. Of the current principal balance of the...

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