TEXT-S&P revises U.S. ABS auto lease securitization criteria

Newswire

(The following statement was released by the rating agency) Nov 30- Standard & Poor's Ratings Services recently updated the methodology and assumptions it uses to rate and monitor U.S. asset-backed securities (ABS) backed by auto leases. Standard & Poor's does not anticipate any rating changes as a result of the revised criteria. Notable changes in the updated criteria include: -- Further clarification regarding the criteria applied to analyzing base residual values in U.S. ...

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