BEIJING, June 11, 2021- S&P Global (China) Ratings has assigned its ratings AAAspc(sf) to the Bavarian Sky China 2021-2 Retail Auto Loan Asset Backed Notes (BSC 2021-2) senior notes (Class A or Senior Notes). The notes are backed by auto loans that were originated by BMW AFC.
List of Ratings:
Class A1: AAAspc(sf)
Class A2: AAAspc(sf)
Methodology Applied:
S&P Ratings China--Structured Finance Methodology
Related Research:
Commentary: Understanding Our Approach to China Consumer Asset-Backed Securities
Turning a Corner-China Corporate Outlook 2021
The Journey Ahead: A Look At China’s Auto ABS Sector 2021 Edition
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:
Enjie Zhang, Beijing; enjie.zhang@spgchinaratings.cn
Jiarong Li, Beijing; jiarong.li @spgchinaratings.cn
Jieqiong Du, Beijing; jieqiong.du@spgchinaratings.cn
