BEIJING, November 30, 2022- S&P Global (China) Ratings today announced that it has withdrawn its rating on the Class A Notes of the Driver China ten Auto Loan Backed Securities (Driver China ten) follows the complete paydown of the notes as reflected in the latest trustee report for the transaction，which was originated by Volkswagen Financial Services AG (VWFC).
Rating Withdrawn:
Class A Notes: AAAspc(sf)
Methodology Applied:
S&P Ratings China--Structured Finance Methodology
Related Research:
Commentary: Understanding Our Approach to China Consumer Asset-Backed Securities
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
April Zhu, Beijing; april.zhu@spgchinaratings.cn
