Rating Report

Silver Arrow Merfina 2021-1 S.r.l.: Rating Report

Auto

Summary

The Class A Notes and Class B Notes are backed by a pool of approximately EUR 560 million of fixed-rate receivables related to Italian auto loans granted by Mercedes-Benz Financial Services Italia S.p.A. (MBFSI or the Seller) to private and commercial borrowers in Italy. The proceeds of a subordinated loan funded the general reserve account.