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World Omni Auto Receivables Trust 2010-A Rating On Class B Notes Raised To ?AA+ (sf)?; Off Watch Positive Aug 11
Standard & Poors, August 2011
OVERVIEW World Omni Auto Receivables Trust 2010-A is backed by prime retail installment contracts on new and used automobiles, vans, and light-duty trucks. We raised our rating on the class B notes to 'AA+ (sf)' from 'A (sf)' and removed it from CreditWatch positive. NEW YORK (Standard & Poor's) Aug. 24, 2011--Standard & Poor's Ratings Services today raised its rating on the class B notes from World Omni Auto Receivables Trust 2010-A (WOART 2010-A) to 'AA+ (sf)' from 'A (sf)'. At the same time, we removed our rating on the notes from CreditWatch where we had placed it with positive implications on April 26, 2011. Today's rating action reflects the transaction's collateral performance to date, our views regarding future collateral...
Companies mentioned in this report are: World Omni Auto Receivables Trust 2010-A
Action: Removed From CreditWatch
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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World Omni Auto Receivables Trust 2010-A