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01/04/2021 - Scope Ratings GmbH
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Scope publishes the rating report for ROOF AT S.A., Compartment 2021 - Austrian lease ABS
Scope Ratings publishes its rating report on ROOF AT S.A., Compartment 2021, a cash securitisation of a EUR 538.0m vehicle lease portfolio extended mainly to SMEs in Austria.
The transaction is a true-sale securitisation of a three-year revolving portfolio of vehicle lease receivables worth EUR 538.0m on the closing date. The assets consist of leases primarily granted to Austrian small- and medium-sized enterprises and private individuals to lease new and used vehicles. The leases were originated by four companies in the Raiffeisen Banking Group.
The report contains Scope's credit analysis regarding the rating assigned to the class A notes.
This monitoring note does not constitute a rating action nor does it indicate the likelihood of a credit rating action in the short term. Click here to access the full rating report.