OREANDA-NEWS. Fitch Ratings says VCL Master Residual Value S. A.'s Compartment 2 notes' ratings are not affected by the tap issuance of the existing revolving series of the class A and B notes to a total of EUR1,279.5m and EUR276.5m, respectively.

After the increase, credit enhancement for the class A and B notes continue to be above the minimum on which Fitch's analysis is based (see "Fitch Assigns VCL Master Residual Value S. A., Compartment 2 Final Ratings", dated 25 November 2015 at www. fitchratings. com).

The increase in revolving series amounts is effective today with aggregate totals as follows:

Series A 2015-1: EUR23.6m, resulting in an aggregate total of EUR170m

Series A 2015-2: EUR27.8m, resulting in an aggregate total of EUR200m

Series A 2015-3: EUR34.8m, resulting in an aggregate total of EUR250m

Series A 2015-4: EUR41.7m, resulting in an aggregate total of EUR300m

Series A 2015-5: EUR14m, resulting in an aggregate total of EUR100m

Series A 2015-6: unchanged at EUR110.5m

Series A 2016-1: EUR49m, resulting in an aggregate total of EUR149m

Series B 2015-1: unchanged at EUR30m

Series B 2015-2: EUR4.9m, resulting in an aggregate total of EUR35.1m

Series B 2015-3: EUR12.9 m, resulting in an aggregate total of EUR166.4m

Series B 2016-1: EUR23.4m, resulting in an aggregate total of EUR45m

VCL Master Residual Value is a platform for VW Leasing GmbH to securitise, on a revolving basis, residual values.