TEXT-S&P rates Volkswagen Auto Loan Enhanced Trust 2012-2 notes

Newswire

OVERVIEW -- Volkswagen Auto Loan Enhanced Trust 2012-2's issuance is an ABS securitization backed by prime auto loan receivables. -- We assigned our preliminary ratings to the class A notes. -- The preliminary ratings reflect our view of the transaction's available credit support, our stress scenarios, timely interest and principal payments, and the collateral pool, among other factors. Oct 1 - Standard & Poor's Ratings Services today assigned its ...

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