TEXT-Fitch rts = 2

Newswire

Fitch has confirmed the ratings following certain amendments, effective as of 25 November 2010. These are a) the extension of the revolving period to November 2011 from November 2010; and b) the postponement of the legal maturity to November 2017 from November 2016. The transaction is a platform for VW Leasing GmbH (VWL) to securitise on a revolving basis residual values resulting from auto leasing contracts originated during its ordinary course of business in Germany. The issuance ...

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