Cars Alliance Auto Loans Germany Master (Restructuring): Rating Report
DBRS Ratings GmbH (DBRS Morningstar) assigned a AAA (sf) rating to the EUR 171.0 million Series 2022-03, Class A Notes issued by Cars Alliance Auto Loans Germany Master following the note issuance on the 18 March 2022 payment date. Additionally, DBRS Morningstar discontinued its AAA (sf) rating on the EUR 178.8 million Series 2021-05, Class A Notes as a result of the notes’ full repayment and confirmed the remaining outstanding series at AAA.
DBRS Morningstar is a global credit ratings business with 700 employees in eight offices globally. DBRS and Morningstar Credit Ratings are committed to empowering investor success, serving the market through leading-edge technology and raising the bar for the industry.
Together, we are the world’s fourth largest credit ratings agency and a market leader in Canada, the U.S. and Europe in multiple asset classes. We rate more than 2,600 issuers and 54,000 securities worldwide and are driven to bring more clarity, diversity and responsiveness to the ratings process. Our approach and size provide the agility to respond to customers’ needs, while being large enough to provide the necessary expertise and resources. For more details visit us at dbrs.com.
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