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Preliminary 'AAA' Ratings Assigned to Hitachi Capital's ?4.15 Billion Auto Loan Securitization Dec 00

  • ID: 1802477
  • December 2000
  • Standard & Poors
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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

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
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Hitachi Capital Corp.,UFJ Trust Bank Ltd.

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