A German consumer finance arm of Crédit Agricole is securitizing its third rated pool of unsecured consumer loans in a €1.3 billion (US$1.48 billion) transaction.

The deal through the Retail Consumer GP Germany trust includes €975 million in Class A notes with a provisional ‘AAA’ structured finance rating from Standard & Poor’s, backed by receivables from consumer loans originated by CreditPlus Bank AG in Germany.

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