Moody's upgrades mezzanine notes of four VW auto ABS deals
Frankfurt am Main, February 02, 2017-- Moody's Investors Service has today upgraded to Aa1 the rating on the class B notes of Driver France FCT Compartment Driver France Two, Driver thirteen UG, Private Driver 2014-4 UG and VCL MULTI-COMPARTMENT S.A., Compartment VCL 22. Today's rating actions reflect the deleveraging of the transactions and the build-up of credit enhancement since the respective closing dates of each transaction, as well as better-than-expected collateral...
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