S&P Global Ratings has assigned its preliminary credit ratings to SCF Rahoituspalvelut XI DAC's asset-backed floating-rate class A, B, and C-Dfrd notes. At closing, SCF Rahoituspalvelut XI will also issue unrated asset-backed class D notes. This is Santander Consumer Finance Oy's (SCF Oy) 11th publicly rated ABS transaction and the third we have rated after SCF Rahoituspalvelut X DAC in 2021. The underlying collateral comprises Finnish loan receivables for primarily cars and a smaller proportion of light commercial vehicles, motorbikes, caravans, and campers. SCF Oy originated and granted the loans to its private and commercial retail customers. According to the preliminary pool, 64.5% of the current principal balance amortize with a final balloon payment. Like its predecessor transaction, SCF Rahoituspalvelut