TEXT-S&P rates VW Leasing's 12th auto lease ABS deal

Newswire

(The following statement was released by the rating agency) Feb 26 - Standard & Poor's Ratings Services has assigned credit ratings to EUR384 million asset-backed fixed-rate notes issued by Private VCL S.A., Compartment Private VCL 2009-1 (Private VCL 09-1). The notes are backed by German auto lease receivables originated and sold by Volkswagen Leasing GmbH (VW Leasing) (see list below). This is VW Leasing's 12th auto lease transaction and the second lease transaction using the ...

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