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Hitachi Capital's Auto Loan Trust Series 15 ?3.95 Billion Certs Assigned 'AAA' Ratings May 01
Standard & Poors, May 2001
TOKYO (Standard & Poor's CreditWire) May 15, 2001--Standard & Poor's today assigned its triple-'A' ratings to Hitachi Capital Corp.'s Auto Loan Trust Series 15 class 1-10 certificates (see list below). 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 August 2006. The -3.95 billion trust certificates are backed by a pool of about -4.00 billion of auto loan receivables originated by Hitachi Capital Corp. (A+/Negative/A-1) and entrusted to Toyo Trust & Banking Co. Ltd. Hitachi Capital is a leading finance company in Japan, and a group company of Hitachi Ltd., an integrated electronics maker in Japan. The ratings are based on: -- Overcollateralization of...
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.
Hitachi Capital Corp.,UFJ Trust Bank Ltd.