BEIJING, September 9, 2022- S&P Global (China) Ratings has assigned its rating AAA_spc(sf) to the Generation 2022-3 Retail Auto Mortgage Loan Securitization(Generation 2022-3) senior notes of Class A1 and Class A2 (Class A). The notes are backed by auto loans that were originated 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

A Look At China’s Auto ABS Sector 2022 Edition

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

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

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