Stellantis Financial Underwritten Enhanced Lease Trust 2025-A's issuance is an ABS securitization backed by prime auto lease receivables. We assigned our ratings to the class A-1, A-2, A-3, A-4, B, and C notes. The ratings reflect our view of the transaction's credit enhancement and payment and legal structures, among other factors. NEW YORK (S&P Global Ratings) May 7, 2025--S&P Global Ratings today assigned its 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 ratings reflect our view of: The availability of approximately 25.8%, 22.0%, and 17.9% credit support for the class A (classes A-1, A-2, A-3, and A-4, collectively), B, and C
