TEXT-Fitch affirms A-BEST at 'BBBsf'; outlook stable


(The following statement was released by the ratings agency) Aug 24 - Fitch Ratings has affirmed Asset-Backed European Securitisation Transaction S.r.l. [ASSBE.UL] (A-BEST) EUR5.3m class C notes at 'BBBsf' with Stable Outlook. The Loss Severity rating has been revised to 'LS-4' from 'LS-1'. The transaction is a securitisation of auto loans in Italy originated by Fiat Group Automobiles Financial Services S.p.A. The rating action reflects the reasonable performance to date and the ...

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