TEXT-S&P rates VCL Master S.A.,Compartment 1 Auto lease ABS deal


(The following statement was released by the ratings agency) Jan 27 - OVERVIEW -- We assigned ratings to the series 2010-1 to 2010-4 asset-backed floating-rate notes in this transaction. -- The collateral comprises auto lease receivables that VW Leasing has originated. -- This is VW Leasing's 16th German publicly rated transaction. Standard & Poor's Ratings Services has assigned its 'AAA' credit ratings to VCL Master S.A., Compartment 1's EUR345 million floating-rate notes ...

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