BEV auto ABS prepped

Category: ABS

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Tesla is marketing an inaugural US$608.08m securitisation backed by 8,879 retail auto lease contracts originated by the firm's finance arm, Tesla Finance. The transaction, dubbed Tesla Auto Lease Trust 2018-A, is backed by the discounted value of remaining monthly lease payments and base residual values from the pool.

Moody's has assigned provisional ratings to the transaction of Aaa on the US$422.61m

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