...- Stellantis Financial Underwritten Enhanced Lease Trust 2025-A's issuance is an ABS securitization backed by prime auto lease receivables. - We assigned our preliminary ratings to the class A-1, A-2, A-3, A-4, B, and C notes. - The preliminary ratings reflect our view of the transaction's credit enhancement and payment and legal structures, among other factors. NEW YORK (S&P Global Ratings) April 28, 2025--S&P Global Ratings today assigned its preliminary ratings to Stellantis Financial Underwritten Enhanced Lease Trust 2025-A's asset-backed notes (see list). The note issuance is an ABS securitization backed by prime auto lease receivables. The preliminary ratings are based on information as of April 28, 2025. Subsequent information may result in the assignment of final ratings that differ from the preliminary ratings. The preliminary ratings reflect our view of: - The availability of approximately 25.5%, 21.9%, and 17.8% credit support for the class A (classes A-1, A-2, A-3, and A-4,...
