Tuesday, November 20, 2012

TEXT-Fitch assigns FTA Santander Consumer Spain Auto 2012-1 final rating

Nov 20 - Fitch Ratings has assigned F.T.A., Santander Consumer Spain Auto
2012-1's asset-backed fixed-rate notes, due on November 2025, the following
final rating:

EUR425m class A: 'A-sf'; Outlook Stable

This is the ninth consumer securitisation originated in Spain by Santander
Consumer, E.F.C., S.A. a wholly-owned and fully integrated subsidiary of
Santander Consumer Finance (SCF; 'BBB+'/Negative/'F2') whose ultimate parent is
Banco Santander (Santander; 'BBB+'/Negative/'F2').

The rating add

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