Fri, Jun 21, 8:01 PM (122 days ago)
The 10-K report for Honda Auto Receivables 2022-2 Owner Trust, filed for the fiscal year ending March 31, 2024, primarily outlines compliance and regulatory disclosures rather than detailed financial performance metrics. Key points include: 1. **Compliance and Regulatory**: The report confirms Honda Auto Receivables 2022-2 Owner Trust's compliance with servicing criteria, with no material noncompliance noted. Both the Sponsor (American Honda Finance Corporation) and the Indenture Trustee (U.S. Bank Trust Company) provided attestation reports affirming compliance. 2. **Legal Proceedings**: No significant legal proceedings are pending against the Trust, Sponsor, or Depositor. However, U.S. Bank and BNY Mellon, in their roles as trustees for other entities, face ongoing litigation related to RMBS transactions, which they are contesting. 3. **Market Risks and Financial Disclosures**: There are no significant obligors representing more than 10% of the pool assets, and no external credit enhancements or derivative instruments are used. 4. **Affiliations and Transactions**: The report omits detailed information on affiliations and related transactions, relying on regulatory instructions. This document is largely procedural, confirming regulatory adherence and providing updates on legal matters, rather than offering insights into financial performance or strategic outlook.