TEXT-Fitch assigns Driver Espana One, FTA expected ratings

Newswire

(The following statement was released by the ratings agency) May 19 - Fitch Ratings has assigned Driver Espana One, Fondo de Titulizacion de Activos upcoming EUR686m issue of asset-backed floating-rate notes due September 2022, expected ratings, as follows: EUR400.00m Class A: 'AAAsf(exp)'; Outlook Stable; Loss Severity Rating 'LS1' EUR40.90m Class B: 'A+sf(exp)'; Outlook Stable; Loss Severity Rating 'LS2' This will be the first securitisation of auto loan receivables originated by ...

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