- Language: English
- Published: August 2013
- Region: Kuwait
Presale: AmeriCredit Automobile Receivables Trust 2012-1 Jan 12
- Published: January 2012
- Standard & Poors
The preliminary ratings assigned to AmeriCredit Automobile Receivables Trust 2012-1?s (AMCAR 2012-1's) auto receivables-backed notes reflect our view of: The availability of approximately 43.7%, 38.4%, 31.4%, 24.9%, and 22.8% credit support for the class A, B, C, D, and E notes, respectively (based on stressed cash-flow scenarios, including excess spread), which provide coverage of more than 3.50x, 3.00x, 2.55x, 1.92x, and 1.60x our 11.25%-11.75% expected cumulative net loss range for the class A, B, C, D, and E notes, respectively. These credit support levels are commensurate with the assigned preliminary 'AAA (sf)', 'AA (sf)', 'A+ (sf)', 'BBB+ (sf)', and 'BB+ (sf)' ratings on the class A, B, C, D, and E notes, respectively (for more information, see the Expected Loss...
Companies mentioned in this report are: Americredit Automobile Receivables Trust 2012-1
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Americredit Automobile Receivables Trust 2012-1