|Expense Ratio (net)||N/A|
|Last Cap Gain||N/A|
|Morningstar Risk Rating||N/A|
|Beta (3Y Monthly)||N/A|
|5y Average Return||N/A|
|Average for Category||N/A|
Announcement of Periodic Review: Moody's announces completion of a periodic review of ratings of Volkswagen Leasing, S.A. de C.V. New York, September 13, 2019 -- Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of Volkswagen Leasing, S.A. de C.V. and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers.
Moody's Investors Service ("Moody's") downgraded the senior unsecured debt rating of Ford Motor Company ("Ford") to Ba1 from Baa3, and concurrently assigned the company a Ba1 Corporate Family Rating and an SGL-1 Speculative Grade Liquidity rating. The outlook is stable.
Moody's Investors Service ("Moody's") has today withdrawn all ratings of MAN SE (MAN). Please refer to the Moody's Investors Service's Policy for Withdrawal of Credit Ratings, available on its website, www.moodys.com. For any affected securities or rated entities receiving direct credit support from the primary entity(ies) of this credit rating action, and whose ratings may change as a result of this credit rating action, the associated regulatory disclosures will be those of the guarantor entity.
Moody's has not assigned a rating to the EUR [23.1] M Subordinated Loan, which will also be issued at closing of the transaction. The transaction is a static cash securitisation of auto lease receivables extended to obligors in Germany by Volkswagen Leasing GmbH. The provisional portfolio of underlying assets consists of auto lease instalment receivables.