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
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Research type: News
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