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AmeriCredit Automobile Receivables Trust 2012-1 $975.074 Million Notes Assigned Ratings Feb 12 Product Image

AmeriCredit Automobile Receivables Trust 2012-1 $975.074 Million Notes Assigned Ratings Feb 12

  • ID: 2053150
  • February 2012
  • Standard & Poors

Abstract
OVERVIEW AmeriCredit Automobile Receivables Trust 2012-1's note issuance is an ABS securitization backed by subprime auto loan receivables. We assigned our ratings to the class A through E notes. The ratings reflect our view of the transaction's credit support, payment and legal structures, and pool characteristics, among other factors. NEW YORK (Standard & Poor's) Feb. 8, 2012--Standard & Poor's Ratings Services today assigned its ratings to AmeriCredit Automobile Receivables Trust 2012-1's $975.074 million automobile receivables-backed notes (see list). The note issuance is an asset-backed securities transaction backed by subprime auto loan receivables. The ratings reflect: The availability of approximately 44.2%, 39.3%, 32.4%, 25.9%, and 23.6% credit support for the class A, B, C, D, and E notes, respectively (based on...

Companies mentioned in this report are: Americredit Automobile Receivables Trust 2012-1
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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Americredit Automobile Receivables Trust 2012-1

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