TEXT-Fitch report on Private Driver 2011-1 GmbH


(The following statement was released by the ratings agency) June 23 - Fitch Ratings has assigned Private Driver 2011-1 GmbH's EUR362.4m class A, Schuldschein loan and class B notes expected ratings, as follows: EUR350.0m class A notes (ISIN: TBD) and Schuldschein loan (ISIN: TBD), due August 2017: 'AAAsf(exp)'; Outlook Stable; Loss Severity Rating (LS) of 'LS-1' EUR12.4m class B notes (ISIN: TBD), due August 2017: 'A+sf(exp)'; Outlook Stable; 'LS-3' The final ratings are contingent ...

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