MBAFCMercedes-Benz Auto Finance China
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According to Wolf Bay, President and CEO of MBAFC, 'By leasing a vehicle, consumers will be able to drive a Mercedes-Benz, leverage their existing money in other ways, and have the flexibility of changing to a new car more frequently.'
Prior to the transactions closing, Fitch conducted a file review of a small targeted sample of MBAFC's origination files and found the information contained in the reviewed files to be adequately consistent with the originator's policies and practices and the other information provided to the agency about the asset portfolio.
The transaction is a static securitization of auto loans extended to individuals in China by MBAFC.