Mercedes-Benz sizes up first 2019 China auto ABS

Addison Gong

April 17, 2019 01:00 pm

Mercedes_Benz_1_230px — A Mercedes-Benz hood ornament. Daimler is said to favor Poland over Slovakia and Russia for the construction of a new car plant. Hungary has also been named as a potential candidate. Polish officials so far have given no leads on the upcoming project which could bring a thousand jobs to the country. | NurPhoto/SIPA USA/PA Images

Mercedes-Benz Auto Finance is on track to price its largest ABS trade under the Silver Arrow China series. The originator, having previously turned to Moody’s and Fitch for international ratings, switched to S&P and gained an AAA rating for its deal.

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Topics

China Merchants Securities Co China Asia Greater China China Bonds Bank of China Northeast Asia BNP Paribas China Asia Pacific Securitization Emerging Markets China Securitization

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Addison Gong

SSA editor GlobalCapital