BEIJING, June 14, 2022-S&P Global (China) Ratings has assigned its AAAspc(sf) ratings to the Class A-1 and Class A-2 notes (Class A notes) of Fuyuan 2022-2 Retail Auto Mortgage Loan Asset-Backed Securities, to be originated by Ford Auto Finance Company (FAFC).
List of Ratings:
Class A-1: AAAspc(sf)
Class A-2: AAAspc(sf)
Methodology Applied:
S&P Ratings China--Structured Finance Methodology
Related Research:
Commentary: Understanding Our Approach to China Consumer Asset-Backed Securities
A Look At China’s Auto ABS Sector 2022 Edition
Seeking Growth and Stability | China Outlook 2022
Model 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, CFA, Beijing; beibei.shi@spgchinaratings.cn
Jieqiong Du, Beijing; jieqiong.du@spgchinaratings.cn
Jiarong Li,Beijing;jiarong.li@spgchinaratings.cn
