Credit Rating Report
Silver Arrow S.A., acting in respect of its Compartment 12: Rating Report
AutoSummary
DBRS Ratings GmbH (DBRS Morningstar) finalised its provisional rating on the Class A Notes issued by Silver Arrow S.A., acting in respect of its Compartment 12. The transaction represents the issuance of Class A and Class B Notes backed by EUR 750 million of receivables related to auto loan contracts granted by Mercedes-Benz Bank AG to private and commercial borrowers in the Federal Republic of Germany. For insight beyond the rating, see the rating report.
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