World Omni Auto Receivables Trust 2025-B's issuance is an ABS transaction backed by prime auto loan receivables. We assigned our ratings to the class A-1, A-2a, A-2b, A-3, and A-4 notes. The ratings reflect our view of the transaction's credit support, collateral characteristics, and payment and legal structures, among other factors. CHICAGO (S&P Global Ratings) May 14, 2025--S&P Global Ratings today assigned ratings to World Omni Auto Receivables Trust 2025-B's asset-backed notes (see list). The note issuance is an ABS transaction backed by prime auto loan receivables. The ratings reflect: The availability of approximately 10.9% credit support (hard credit enhancement and excess spread) for the class A (A-1, A-2a, A-2b, A-3, and A-4, collectively) based on stressed break-even cash flow
