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Ally Auto Receivables Trust 2011-2 $802.00 Million Notes Assigned Preliminary Ratings
Standard & Poors, April 2011
Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
Research type: News
This product is a is a brief one-page announcement of no more than 500 words with a quote from the analyst. It is media and investor focused with no accompanying commentary article.
Abstract
OVERVIEW Ally Auto Receivables Trust 2011-2's note issuance is a securitization of prime, fixed-rate retail vehicle installment sales contracts that are secured by new and used vehicles originated by Ally Bank or its subsidiaries. We assigned our preliminary ratings to the class A, B, C, and D notes. The preliminary ratings reflect our view of the transaction's credit enhancement, cash flow structure, and collateral portfolio, as well as our stress scenarios, among other factors. NEW YORK (Standard & Poor's) April 25, 2011--Standard & Poor's Ratings Services today assigned its preliminary ratings to Ally Auto Receivables Trust 2011-2's $802.00 million asset-backed notes (see list). The preliminary ratings are based on information as of April 25, 2011. Subsequent information may result in...
Companies mentioned in this report are: Ally Auto Receivables Trust 2011-2
Action: Preliminary Rating
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