Report
Alex Garrod ...
  • Daniel Rakhamimov
  • Simon Murphy

Cars Alliance Auto Loans Germany V 2021-1: Presale Report

Cars Alliance Auto Loans Germany V 2021-1 represents the issuance of Notes backed by a portfolio of auto loan receivables granted by the German branch of RCI Banque S.A. (RCIB or the Seller) to private individuals residing in Germany. The initial portfolio of approximately EUR 973 million will comprise of both balloon and standard amortising loans granted for the purchase of new and used vehicles. The collateral portfolio will also be serviced by RCIB.
Provider
DBRS Morningstar
DBRS Morningstar

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.

Analysts
Alex Garrod

Daniel Rakhamimov

Simon Murphy

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