Two Ratings Raised And Six Affirmed On Ford Auto Securitization Trust II Series 2022-A And 2024-A - S&P Global Ratings’ Credit Research

Two Ratings Raised And Six Affirmed On Ford Auto Securitization Trust II Series 2022-A And 2024-A

Two Ratings Raised And Six Affirmed On Ford Auto Securitization Trust II Series 2022-A And 2024-A - S&P Global Ratings’ Credit Research
Two Ratings Raised And Six Affirmed On Ford Auto Securitization Trust II Series 2022-A And 2024-A
Published Apr 25, 2025
5 pages (1869 words) — Published Apr 25, 2025
Price US$ 150.00  |  Buy this Report Now

About This Report

  
Abstract:

OVERVIEW We reviewed Ford Auto Securitization Trust II's series 2022-A and 2024-A, which are ABS transactions backed by sales contracts secured by new and used automobiles and light-duty trucks originated by Ford Credit Canada Co. We raised our ratings on two classes and affirmed our ratings on six classes from these transactions. The rating actions reflect our views regarding the series' future collateral performance, as well as the transactions' structure and credit enhancement, among other factors. CHICAGO (S&P Global Ratings) April 25, 2025--S&P Global Ratings today raised its ratings on two classes and affirmed its ratings on six classes from Ford Auto Securitization Trust II's (FAST II's) series 2022-A and 2024-A, which are ABS transactions backed by sales contracts secured

  
Brief Excerpt:

...OVERVIEW + We reviewed Ford Auto Securitization Trust II's series 2022-A and 2024-A, which are ABS transactions backed by sales contracts secured by new and used automobiles and light-duty trucks originated by Ford Credit Canada Co. + We raised our ratings on two classes and affirmed our ratings on six classes from these transactions. + The rating actions reflect our views regarding the series' future collateral performance, as well as the transactions' structure and credit enhancement, among other factors. CHICAGO (S&P Global Ratings) April 25, 2025--S&P Global Ratings today raised its ratings on two classes and affirmed its ratings on six classes from Ford Auto Securitization Trust II's (FAST II's) series 2022-A and 2024-A, which are ABS transactions backed by sales contracts secured by new and used automobiles and light-duty trucks originated by Ford Credit Canada Co. Today's rating actions reflect the transactions' collateral performance to date and our expectations regarding future...

  
Report Type:

Ratings Action

Issuer
Ford Auto Securitization Trust II
Sector
Structured Finance
Country
Canada
Region
Canada
Format:
PDF Adobe Acrobat
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Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "Two Ratings Raised And Six Affirmed On Ford Auto Securitization Trust II Series 2022-A And 2024-A" Apr 25, 2025. Alacra Store. May 09, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Two-Ratings-Raised-And-Six-Affirmed-On-Ford-Auto-Securitization-Trust-II-Series-2022-A-And-2024-A-3359718>
  
APA:
S&P Global Ratings’ Credit Research. (). Two Ratings Raised And Six Affirmed On Ford Auto Securitization Trust II Series 2022-A And 2024-A Apr 25, 2025. New York, NY: Alacra Store. Retrieved May 09, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Two-Ratings-Raised-And-Six-Affirmed-On-Ford-Auto-Securitization-Trust-II-Series-2022-A-And-2024-A-3359718>
  
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