[non-NRSRO] Consumer Loan Receivables ABL(2020-11) -- Moody's assigns definitive ratings to Consumer Loan Receivables ABL(2020-11), card loan receivables ABS

Moody's SF Japan K.K. has assigned definitive ratings to the Consumer Loan Receivables ABL(2020-11), backed by card loan receivables. The seller, being both originator and initial servicer, entrusts a pool of eligible card loan receivables and cash to the asset trustee, who then issues the Class A and Class B Beneficial Interests, the Subordinated Beneficial Interests, the Seller's Beneficial Interests, the Cash Reserve Beneficial Interests and the Interest Rate Cap Reserve Beneficial Interests.