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Ally Auto Receivables Trust 2011-5 $1.084 Billion Notes Assigned Ratings Nov 11
Standard & Poors, Nov 2011
Abstract
OVERVIEW Ally Auto Receivables Trust 2011-5's issuance is an ABS securitization backed by prime auto loan receivables. We assigned our ratings to the class A, B, and C notes. The ratings reflect our view of the transaction's credit enhancement, collateral pool, and payment and legal structures, as well as our stress scenario, among other factors. NEW YORK (Standard & Poor's) Nov. 16, 2011--Standard & Poor's Ratings Services today assigned its ratings to Ally Auto Receivables Trust 2011-5's $1.084 billion asset-backed notes series 2011-5 (see list). The note issuance is an asset-backed securitization backed by prime auto loan receivables. The ratings reflect our view of: The availability of approximately 11.0%, 8.2%, and 5.8% credit support for the class A, B, and...
Companies mentioned in this report are: Ally Auto Receivables Trust 2011-5
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.
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