TEXT-Fitch asgns Driver Nine's notes final ratings; outlook stbl

Newswire

(The following statement was released by the ratings agency) June 23 - Fitch Ratings has assigned final ratings to Driver Nine GmbH's EUR714.4m Class A and Class B notes, as follows: EUR690.0m Class A Notes (ISIN: XS0625452676), due April 2017: 'AAAsf'; Outlook Stable; Loss Severity Rating (LS) of 'LS-1' EUR24.4m Class B Notes (ISIN: XS0625453211), due April 2017: 'A+sf'; Outlook Stable; 'LS-3' The ratings are based on Fitch's assessment of Volkswagen Bank GmbH's origination and ...

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