Presale: AmeriCredit Automobile Receivables Trust 2012-1 Jan 12
Standard & Poors, January 2012
Abstract
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
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: Full Analysis
Americredit Automobile Receivables Trust 2012-1
Customers who bought this item also bought
All rights reserved. © Copyright 2013 Research and Markets WWW5
Terms and Conditions Privacy Policy Publishers Employment Opportunities Site Map Link to us Webmaster Affiliate Network
