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'AAA' Ratings Assigned to Hitachi Credit Auto Loan Trust Series 4 ?1.59B Certs Jun 00
Standard & Poors, June 2000
Abstract
TOKYO (Standard & Poor's CreditWire) June 15, 2000--Standard & Poor's today assigned its triple-'A' ratings to Hitachi Credit's Auto Loan Trust Series 4 Certificates. Standard & Poor's ratings address the full and timely payment of interest and the full repayment of principal by the legal final maturity date of September 2005. The -1.59 billion trust certificates are backed by a pool of about -1.65 billion of auto loan receivables originated by Hitachi Credit Corp. (A+/Negative/A-1) and entrusted to Toyo Trust & Banking Co. Ltd. Hitachi Credit is a leading finance company in Japan, and a group company of Hitachi Ltd., an integrated electronics maker in Japan. Hitachi Credit is planning to securitize newly originated auto loan receivables every month using...
Companies mentioned in this report are: Hitachi Capital Corp.,UFJ Trust Bank Ltd.
Action: New Rating
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.
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