09.12.2013 19:14:00

Moody's upgrades German auto ABS notes issued by Globaldrive Auto Receivables 2010-A

Frankfurt am Main, December 09, 2013 -- Moody's Investors Service has today upgraded to Aa1 (sf) the Class B notes issued by Globaldrive Auto Receivables 2010-A B.V. (Globaldrive 2010-A). At the same time, Moody's affirmed the Aaa (sf) ratings on the Class A notes. Today's rating action reflects 1) the better-than-expected collateral performance and 2) the deleveraging of the transaction and the build-up of credit enhancement since the closing date.

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