[NSP] Trust 2014-9#s ?15 Billion Senior Beneficial Interests And ABL Assigned #AAA (sf)# Ratings

Stocks and Financial Services Press Releases Friday September 26, 2014 17:26
TOKYO--26 Sep--Standard & Poor's

TOKYO (Standard & Poor's) Sept. 26, 2014--Nippon Standard & Poor's K.K. (NSP)today assigned 'AAA (sf)' ratings to Trust 2014-9's ¥15 billion seniorbeneficial interests and asset-backed loan (ABL) due December 2021. A pool ofJapanese auto lease receivables (including some with special agreementsrelating to maintenance services) and auto loan receivables ultimately backsthe senior beneficial interests and ABL issued/extended under thisasset-backed securities (ABS) transaction.

The trustor entrusted the pool of auto lease and auto loan receivables andcash with the trustee, and received the beneficial interests, including thesenior beneficial interests, ABL beneficial interests, and subordinatebeneficial interests. The trustor then transferred the senior beneficialinterests to investors. The trustee received the nonrecourse ABL and used itto fully redeem the ABL beneficial interests at closing.

Latest Press Release

Echoworx expands EU reach with new German data centre

Echoworx is pleased to announce the opening of their new data centre in Germany. This move further entrenches Echoworx's presence and competitive edge within the EU region. Known for its proven manufacturing industries, from automotive to...

EXIM Thailand Holds FX Risk Management Seminar Phase 2 to Promote the Use of FX Risk Hedging Tools for SME exporters

Mr. Chana Boonyachai (right), Executive Vice President of Export-Import Bank of Thailand (EXIM Thailand), recently welcomed Mrs. Varintorn Chaivivat (left), Vice-Director, Northern Region Office, Bank of Thailand and Mr. Kobsak Duangdee (center),...

Photo Release: Prudential Thailand organizes Agency Kick Off 2019

Mr. Aman Chowla (7th from right), Chief Executive Officer, Prudential Life Assurance together with Mr. Wichai Cheewasrirungruang (6th from left), Chief Agency Officer, Prudential Life Assurance and the executive management of Prudential Life Assurance...

Photo Release: Bangkok Bank welcomes R3 members to the first Voltron project workshop in Thailand

Bangkok Bank Executive Vice Presidents Pornnit Dunnvatanachit , Kukkong Ruckphaopunt and Senior Vice President and Trade Finance Center Manager Kajohnsak Manaviriyakul welcomed R3 members who joined a Voltron project workshop, the first to be held in...

ZEN Corporation Group Plc. to sell 75 million IPO shares after SEC approved Filing Count 1 Highlights food service business Raises fund for branch expansion and restaurant improvements

'ZEN Corporation Group Plc.' or ZEN is preparing to make its Initial Public Offering (IPO) of 75 million shares after the Securities and Exchange Commission (SEC) approved its Filing Count 1. The group is highlighting its food service business which...

Related Topics