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Bulletin: Ratings Confirmed In Three German Auto ABS Transactions Globaldrive 2009-C, 2009-D, And 2010-A Following Data Update Apr 11 Product Image

Bulletin: Ratings Confirmed In Three German Auto ABS Transactions Globaldrive 2009-C, 2009-D, And 2010-A Following Data Update Apr 11

  • Published: April 2011
  • Region: Germany
  • Standard & Poors

Abstract
OVERVIEW We have received updated static net loss data for the Globaldrive 2009-C, 2009-D, and 2010-A transactions following a data entry error in the originator's data compilation process. We have analyzed the amended data and concluded that the error, in and of itself, will not affect the current ratings in these three transactions. German auto loan receivables originated by the German branch of FCE Bank PLC back each transaction. FRANKFURT (Standard & Poor's) April 27, 2011--Standard & Poor's Ratings Services today confirmed that a data error by FCE Bank PLC relating to the Globaldrive Auto Receivables 2009-C B.V., Globaldrive Auto Receivables 2009-D B.V., and Globaldrive Auto Receivables 2010-A B.V. transactions will not, in and of itself, affect its credit ratings...

Companies mentioned in this report are:
- Globaldrive Auto Receivables 2009-C B.V.
- Globaldrive Auto Receivables 2009-D B.V.
- Globaldrive Auto Receivables 2010-A B.V.

Action: Bulletin

Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured READ MORE >

- Globaldrive Auto Receivables 2009-C B.V.
- Globaldrive Auto Receivables 2009-D B.V.
- Globaldrive Auto Receivables 2010-A B.V.

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