BEIJING, January 10, 2023-S&P Global (China) Ratings today announced that it has withdrawn its rating on the Class A1 and Class A2 notes (Senior Notes) of Toyota Glory 2021 Phase I Retail Auto Loan Credit Asset-backed Securities（Toyota Glory 2021-1）follows the complete paydown of the notes as reflected in the latest trustee report for the transaction，which was originated by Toyota Motor Finance (China) Company Limited.
Rating Withdrawn:
Class A1: AAAspc(sf)
Class A2: AAAspc(sf)
Methodology Applied:
S&P Ratings China--Structured Finance Methodolog
Related Research:
Commentary: Understanding Our Approach to China Consumer Asset-Backed Securities
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
