BEIJING, March 8, 2022 - S&P Global (China) Ratings has assigned its rating AAA_spc(sf) to the Generation 2022-1 Retail Auto Mortgage Loan Securitization (Generation 2022-1) senior notes of Class A1 and Class A2 (Class A). The notes are backed by auto loans that were originated by Genius AFC.

List of Ratings:

Class A1: AAA_spc(sf)

Class A2: AAA_spc(sf)

Methodology Applied:

S&P Ratings China--Structured Finance Methodology

Related Research:

Commentary: Understanding Our Approach to China Consumer Asset-Backed Securities

Seeking Growth and Stability | China Outlook 2022

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:

Beibei Shi, Beijing;      beibei.shi@spgchinaratings.cn

Kaiyan Li, Beijing;      kaye.li@spgchinaratings.cn

Jiarong Li, Beijing;     jiarong.li@spgchinaratings.cn