TEXT-Fitch rates Private Driver 2010-1

Newswire

(The following statement was released by the rating agency) Oct 28 - Fitch Ratings has today assigned final ratings to Private Driver 2010-1 Fixed GmbH's upcoming EUR942.5m issue of asset-backed notes, due November 2017, as follows. EUR905m class A (ISIN: XS0545042334): 'AAAsf'; Outlook Stable; Loss Severity (LS) rating of 'LS-1' EUR37.5m class B (ISIN: XS0545042763): 'A+sf'; Outlook Stable; 'LS-3' Private Driver 2010-1 Fixed GmbH is a securitisation of auto loans originated by Volkswagen ...

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