S&P Global (China) Ratings has assigned its AAAspc(sf) rating to the Class A-1 and Class A-2 notes (Senior Notes) of Toyota Glory 2021 Phase I Retail Auto Loan Credit Asset-backed Securities to be originated by Toyota Motor Finance (China) Company Limited (TMF).
List of Ratings:
A-1: AAAspc(sf)
A-2: AAAspc(sf)
Methodology Applied:
S&P Ratings China--Structured Finance Methodology
Related Research:
Commentary: Understanding Our Approach to China Residential Mortgage-Backed Securities
Commentary: Turning a Corner – China Corporate Outlook 2021
Models Applied:
SPG China Ratings Structured Finance Cash Flow Engine
Media Contacts:
Sharon Tang, Beijing, (86)10-6569-2988; sharon.tang@spgchinaratings.cn
Analyst Contacts:
Kan Zhou, Beijing; kan.zhou@spgchinaratings.cn
Beibei Shi, CFA, Beijing; beibei.shi@spgchinaratings.cn
Jiarong Li,Beijing;jiarong.li@spgchinaratings.cn
