Preliminary 'AAA' Ratings Assigned to Hitachi Capital's ?4.15 Billion Auto Loan Securitization Dec 00
- ID: 1802477
- December 2000
- Standard & Poors
TOKYO (Standard & Poor's CreditWire) Dec. 11, 2000--Standard & Poor's today assigned its preliminary triple-'A' ratings to Hitachi Capital Corp.'s Auto Loan Trust Series 10 class 1-10 certificates (see list below). The preliminary ratings are based on information as of Dec. 11, 2000. Subsequent information may result in final ratings that differ from the preliminary ratings. 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 March 2006. The -4.15 billion trust certificates are backed by a pool of about -4.28 billion of auto loan receivables originated by Hitachi Capital Corp. (A+/Negative/A-1) and entrusted to Toyo Trust & Banking Co. Ltd. Formerly known as Hitachi...
Companies mentioned in this report are: Hitachi Capital Corp.,UFJ Trust Bank Ltd.
Action: New Rating
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