BEIJING, September 12, 2023- S&P Global (China) Ratings has assigned its rating AAAspc(sf) to Silver Arrow China 2023-2 Retail Auto Loan Asset Backed Notes (SAC 2023-2) senior notes of Class A (Class A). The transaction was originated by Mercedes-Benz Auto Finance Co., Ltd. (MBAFC).
List of Ratings:
Class A Note: AAAspc(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: 2023 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
Jiarong Li, Beijing; Jiarong.li@spgchinaratings.cn