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Presale: Auto ABS French Leases 2021

S&P Global Ratings has assigned its 'AAA (sf)' preliminary credit rating to the class A floating-rate notes and 'AA+ (sf)' preliminary rating to the class B fixed-rate notes issued by Auto ABS French Leases 2021, a French auto lease transaction originated by Credipar. At closing, the issuer will also issue unrated asset-backed fixed-rate class C notes. Credipar is one of the finance companies belonging to Stellantis N.V., which is dedicated to financing clients and the dealer network for the Peugeot, Citroen, and DS commercial brands.