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Ford Credit Auto Owner Trust 2011-2 $1.331 Billion Notes Assigned Ratings
Standard & Poors
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.
OVERVIEW Ford Credit Auto Owner Trust 2011-2's note issuance is a securitization of prime auto loan receivables. We assigned our ratings to the class A, B, C, and D notes. The ratings reflect our view of the transaction's credit support, collateral pool, and payment and legal structures, among other factors. NEW YORK (Standard & Poor's) May 4, 2011--Standard & Poor's Ratings Services today assigned its ratings to Ford Credit Auto Owner Trust 2011-2's $1.331 billion asset-backed notes (see list). The ratings are based on: The timely interest and principal payments made under stressed cash flow modeling scenarios appropriate to the assigned rating categories; Our expectation that under a moderate ('BBB') stress scenario, all else being equal, our ratings on the...
Companies mentioned in this report are: Ford Credit Auto Owner Trust 2011-2
Action: New Rating
Ford Credit Auto Owner Trust 2011-2