ETL waiver requested following cyberattack

Category: ABS Capital Relief Trades Regulation

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ETL waiver requested following cyberattack
European truck lease provider Fraikin SAS was subject to a ransomware attack that started on 11 May. S&P notes that the credit quality of its two securitisations - FCT Eurotruck Lease II and FCT Eurotruck Lease III (ETL II and III) - is unlikely to be affected, providing the company can make a swift return to normal operations.

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