NEW YORK--(BUSINESS WIRE)--Fitch Ratings has withdrawn the expected ratings for the Porsche Innovative Lease Owner Trust 2015-2 (2015-2). A full list of rating actions is available at the end of this press release.
KEY RATING DRIVERS
The ratings have been withdrawn as they are no longer expected to convert to final ratings in the near term, as Porsche Financial Services, Inc. (PFS), the sponsor/seller/servicer for 2015-2, has withdrawn the transaction from the market. Fitch has also withdrawn the presale report for the transaction dated Oct. 29, 2015. Fitch may assign the transaction expected ratings again in the future, following an updated analysis of the portfolio and the proposed structure.
Fitch has withdrawn the following expected ratings:
--Class A-1 notes 'F1+sf';
--Class A-2 notes 'AAAsf'; Outlook Stable;
--Class A-3 notes 'AAAsf'; Outlook Stable;
--Class A-4 notes 'AAAsf'; Outlook Stable.
Additional information is available at www.fitchratings.com.
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