S&P Global Ratings Services has assigned its 'AAA (sf)' credit rating to TitriSocram 2024's class A notes. At closing, TitriSocram 2024 also issued unrated class B notes. The issuer is a newly set up "fonds commun de titrisation" (FCT). This is the tenth transaction backed by receivables originated and serviced by Socram Banque (BBB/Stable/A-2). The transaction securitizes a portfolio of vehicle loan receivables (cars, motorbikes, and recreational vehicles) originated from 2019 to private individuals domiciled in France and in French overseas departments. Socram Banque specializes in granting vehicle loans to the member clients of its seven French mutual insurer shareholders. The transaction includes a one-year revolving period, during which we expect the issuer to purchase additional receivables from Socram Banque