Standard & Poor’s has assigned a preliminary ‘A’ rating to a €1.5 billion four-year revolving securitization of auto, motorcycle and trailer loans originated by Santander Consumer Bank AG.

SC Germany Auto 2016-2 UG (haftungsbeschraenkt) i.G. consists of a single class of rated Class A notes sized at €1.444 billion and an unrated Class B notes structure totaling €60 million.

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