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Ally Auto Receivables Trust 2012-1 $1.081 Billion Notes Assigned Preliminary Ratings Jan 12
Standard & Poors, Jan 2012
Abstract
OVERVIEW Ally Auto Receivables Trust 2012-1's issuance is an ABS securitization backed by prime auto loan receivables. We assigned our preliminary ratings to the class A, B, and C notes. The preliminary ratings reflect our view of the transaction's credit support, timely interest and principal payments, our stress scenarios, and payment and legal structures, among other factors. NEW YORK (Standard & Poor's) Jan. 9, 2012--Standard & Poor's Ratings Services today assigned its preliminary ratings to Ally Auto Receivables Trust 2012-1's $1.081 billion asset-backed notes (see list). The note issuance is an ABS securitization backed by prime auto loan receivables. The preliminary ratings are based on information as of Jan. 9, 2012. Subsequent information may result in the assignment of final...
Companies mentioned in this report are: Ally Auto Receivables Trust 2012-1
Action: Preliminary 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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