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AmeriCredit Corp. Oct 01
Standard & Poors, Oct 2001
Abstract
(Editor's note: This analysis, originally published Oct. 10, 2001, contained an incorrect date in one of the headings of the included table. A corrected version follows.) The ratings on AmeriCredit Corp. are based on the company's strong financial performance, ongoing controlled growth, and demonstrated stability through turbulent market conditions. AmeriCredit's business is the purchase financing of primarily late-model, used automobiles to subprime borrowers. The company's financial performance reflects the higher yields associated with this typically high-risk business. It also reflects AmeriCredit's leveraging of technology to appropriately match pricing with risk on the underwriting side and effectively and efficiently service this notoriously service-intensive business. The company's rapid growth has enhanced returns, increasing managed receivables by 20 times in five years. Asset...
Companies mentioned in this report are: General Motors Financial Co. Inc.
Action: Review
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: Full Analysis
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