TEXT-S&P release on SC Germany Auto 08-2 Ltd notes

Newswire

(The following statement was released by the rating agency) Nov 27 - Standard & Poor's Ratings Services has assigned its credit ratings to the EUR500 million asset-backed floating-rate notes issued by SC Germany Auto 08-2 Ltd. (see list below). The notes are backed by German auto loan receivables originated and sold by Santander Consumer Bank AG (SC Bank; formerly CC-Bank AG) to the issuer. SC Germany Auto 08-2 is SC Bank's fifth true-sale auto-loan transaction in the term market. ...

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