BEIJING, October 27, 2021- S&P Global (China) Ratings announced that it has withdrawn its rating on the Senior Notes of the Zhongyu 2021-2 Non-performing Asset Backed Securities. The withdrawal follows the complete paydown of the Senior Notes as reflected in the first trustee report for the transaction.
List of Ratings:
Senior Notes: AAAspc(sf)
Methodology Applied:
S&P Ratings China--Structured Finance Methodology
Related Research:
Commentary: Understanding Our Approach to China Consumer Asset-Backed Securities
Credit Quality Divergence of Domestic Banks Balanced by Government Support Amid COVID-19 | A Study on Credit Quality Differentiation of Domestic Banks in China
FAQs on Banks’ Nonperforming Assets and Securitization
Models Applied: None.
Media Contacts:
Sharon Tang, Beijing, (86)10-6569-2988; sharon.tang@spgchinaratings.cn
Analyst Contacts:
Beibei Shi, CFA, Beijing; beibei.shi@spgchinaratings.cn
Enjie Zhang, Beijing; enjie.zhang@spgchinaratings.cn
Jieqiong Du, Beijing; jieqiong.du@spgchinaratings.cn
