Credit Rating Report

Asset-Backed European Securitisation Transaction Twenty, Fondo de Titulización: Rating Report

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Summary

Asset-Backed European Securitisation Transaction Twenty, Fondo de Titulización represents the issuance of Class A Notes and Class B Notes backed by a portfolio of fixed-rate receivables related to auto loans and auto leases granted by FCA Capital España, E.F.C., S.A.U. to private individuals and corporates with residence in Spain for the acquisition of new or used vehicles.

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