FGA Capital, a joint venture between Fiat and Credit Agricole, is gearing up to sell €437.5 million ($553.2M) of senior rated securities backed by Italian Auto loans.

The deal, A-Best-10 has been assigned preliminary ratings by DBRS. On offer is a ‘AAA’ rated senior tranche  with a weighted average life 1.65 years and €22.5 million of 3.85-year, class B notes rated ‘A’.

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