Credit Rating Report

Silver Arrow S.A., acting in respect of its Compartment 12: Rating Report

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Summary

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.

Ratings

Silver Arrow S.A., acting in respect of its Compartment 12
  • Date Issued:Nov 26, 2020
  • Rating Action:Provis.-Final
  • Ratings:AAA (sf)
  • Trend:--
  • Rating Recovery:
  • Issued:EUU
  • US = Lead Analyst based in USA
  • CA = Lead Analyst based in Canada
  • EU = Lead Analyst based in EU
  • UK = Lead Analyst based in UK
  • E = EU endorsed
  • U = UK endorsed
  • Unsolicited Participating With Access
  • Unsolicited Participating Without Access
  • Unsolicited Non-participating

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