BEIJING, March 13, 2024- S&P Global (China) Ratings has assigned its rating AAA_spc(sf) to Silver Arrow China 2024-1 Retail Auto Loan Asset Backed Notes (SAC 2024-1) senior notes of Class A (Class A). The transaction was originated by Mercedes-Benz Auto Finance Ltd.

List of Ratings:

Class A Note: AAA_spc(sf)

Methodology Applied:

• S&P Ratings China--Structured Finance Methodology

Related Research:

• Commentary: Understanding Our Approach to China Consumer Asset-Backed Securities
• China’s Auto ABS Sector Deep Dive: 2024 Edition

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:

Enjie Zhang, Beijing; enjie.zhang@spgchinaratings.cn

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

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

欢迎点击下方链接下载资料。

2025年6月6日，标普信评发布兴瑞2025年第六期不良资产支持证券评级报告。

2025年5月30日，标普信评发布江苏徐工工程机械租赁有限公司主体评级报告。

2025年5月29日，标普信评发布义乌中国小商品城控股有限责任公司主体评级报告。