GM Financial Automobile Leasing Trust 2022-1 — Moody’s assigns definitive ratings to GM Financial Automobile Leasing Trust 2022-1 notes

Rating Action: Moody’s assigns definitive ratings to GM Financial Automobile Leasing Trust 2022-1 notesGlobal Credit Research – 23 Feb 2022Approximately $1.51 billion of asset-backed securities ratedNew York, February 23, 2022 — Moody’s Investors Service (“Moody’s”) has assigned definitive ratings to the notes issued by GM Financial Automobile Leasing Trust 2022-1 (GMALT 2022-1). This is the first auto lease transaction of the year for GM Financial (GMF, unrated), wholly owned subsidiary of General Motors Financial Company, Inc. (Baa3, stable). The notes are backed by a pool of retail automobile lease contracts originated by GMF, who is also the servicer and administrator for the transaction.The complete rating actions are as follows:Issuer: GM Financial Automobile Leasing Trust 2022-1$240,000,000, 0.57055%, Class A-1 Notes, Definitive Rating Assigned P-1 (sf)$496,000,000, 1.50%, Class A-2 Notes, Definitive Rating Assigned Aaa (sf)$496,000,000, 1.90%, Class A-3 Notes, Definitive Rating Assigned Aaa (sf)$103,000,000, 1.96%, Class A-4 Notes, Definitive Rating Assigned Aaa (sf)$71,610,000, 2.23%, Class B Notes, Definitive Rating Assigned Aa2 (sf)$66,660,000, 2.64%, Class C Notes, Definitive Rating Assigned A2 (sf)$41,160,000, 0.00%, Class D Notes, Definitive Rating Assigned Baa2 (sf)RATINGS RATIONALEThe ratings are based on the quality of the underlying collateral and its expected performance, the strength of the capital structure, and the experience and expertise of GMF as…