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Capital One Auto Finance Trust Ratings Raised On Two Series Sep 11
Standard & Poors, Sep 2011
Abstract
OVERVIEW We reviewed two Capital One Auto Finance Trust transactions backed by nonprime and subprime retail auto loans originated and serviced by Capital One Auto Finance. The class A-4 notes are the only notes outstanding in each transaction. We raised our long-term ratings and SPURs on the class A-4 notes from Capital One Auto Finance Trust's series 2007-B and 2007-C. We revised our cumulative net loss expectation for series 2007-B to 8.40%-8.50% from 8.25%-8.35%. We maintained our cumulative net loss expectation for series 2007-C at 8.90%-9.00% The upgrades reflect our view that the total available credit enhancement is adequate for the raised ratings given our revised net loss expectations. NEW YORK (Standard & Poor's) Sept. 13, 2011--Standard & Poor's Rating...
Companies mentioned in this report are: Capital One Auto Finance Trust 2007-B,Capital One Auto Finance Trust 2007-C
Action: Upgraded
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.
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