Silver Arrow S.A., acting in respect of its Compartment 12: Rating Report
DBRS Ratings GmbH (DBRS Morningstar) finalised its provisional rating on the Class A Notes issued by Silver Arrow S.A., acting in respect of its Compartment 12. The transaction represents the issuance of Class A and Class B Notes backed by EUR 750 million of receivables related to auto loan contracts granted by Mercedes-Benz Bank AG to private and commercial borrowers in the Federal Republic of Germany. For insight beyond the rating, see the rating report.
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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