Volkswagen set for swift return to busy auto market

Volkswagen logo on building
By Tom Porter
15 Sep 2014

Volkswagen has gained provisional ratings for its second auto lease securitization of the year, just days after printing a large sterling auto ABS. The deal extends a busy post-summer period for a European auto ABS market whose investors are already casting their eyes over FirstRand Bank’s latest offering this week.

Fitch and DBRS have given provisional ratings to two classes of notes to be issued under the German carmaker’s Volkswagen Car Lease (VCL) programme, which will be the 20th in its series of German auto lease securitizations.

The deal will comprise €700.5m of triple-A rated senior notes and ...

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