BEIJING, November 30, 2022- S&P Global (China) Ratings today announced that it has withdrawn its rating on the Class A-2 Notes of the Fuyuan 2021-1 Retail Auto Mortgage Loan Asset-Backed Securities (Fuyuan 2021-1) follows the complete paydown of the notes as reflected in the latest trustee report for the transaction，which was originated by Ford Auto Finance Company (FAFC). All rated notes under Fuyuan 2021-1 have been paid down.
Rating Withdrawn:
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
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
Jieqiong Du, Beijing; jieqiong.du@spgchinaratings.cn
