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New Issue: Red & Black Auto Lease Germany 3 S.A.

S&P Global Ratings has assigned its 'AAA (sf)' and 'BBB (sf)' credit ratings to Red & Black Auto Lease Germany 3 S.A.'s (Red & Black Auto Lease Germany 3) class A and B notes, respectively. At closing, Red & Black Auto Lease Germany 3 also issued unrated class C notes.

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