TEXT-S&P afrms rtg on VAB Auto Receivables 2009's German ABS nts


(The following statement was released by the rating agency) Dec 23 - OVERVIEW -- Our review of the portfolio data shows that VAB Auto Receivables 2009 has performed in line with our expectations since closing in February 2010. -- The transaction is still revolving and the level of credit enhancement has not changed since closing. -- We have therefore affirmed our 'AAA (sf)' rating on the class A notes. -- Volvo Auto Bank and Volvo Auto Leasing originated the loan and lease receivables that ...

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