Ratings Assigned to AmeriCredit Automobile Receivables Trust 2000-A Feb 00
- ID: 1802444
- February 2000
- Standard & Poors
NEW YORK (Standard & Poor's CreditWire) Feb. 24, 2000--Standard & Poor's assigned its ratings to AmeriCredit Automobile Receivables Trust 2000-A's US$1.3 billion asset-backed notes (see list). The ratings on the fixed-rate class A-2, A-3, and A-4 notes are based on the insurance policy provided by Financial Security Assurance Inc. (FSA; triple-'A' insurer financial strength rating). Under this policy, FSA unconditionally and irrevocably guarantees payment of scheduled principal and interest. While FSA is also insuring the class A-1 fixed-rate notes, Standard & Poor's rating on these notes is not based on the policy, but rather on internal credit support and conservative cash flow projections. Standard & Poor's has determined that the underlying transaction risk assumed by FSA is consistent with an...
Companies mentioned in this report are: General Motors Financial Co. Inc.
Action: New Rating
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Research type: News
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