European Auto ABS Index Report Q2 2012: Performance Deteriorates Slightly As Severe Delinquencies Increase Sep 12
- Language: English
- Published: September 2012
- Region: Europe
OVERVIEW We have assigned a preliminary 'AAA (sf)' rating to the class A notes in FCT TitriSocram Compartment TitriSocram 2012-1. This will be the seventh transaction backed by receivables originated and serviced by Socram Banque, which is the fourth-largest specialized auto loans lender in France. PARIS (Standard & Poor's) Jan. 26, 2012--Standard & Poor's Ratings Services today assigned its preliminary 'AAA (sf)' credit rating to FCT TitriSocram Compartment TitriSocram 2012-1's class A notes of the -460 million asset-backed notes to be issued by a segregated compartment of the French Fonds Commun de Titrisation (FCT) TitriSocram (see list below). This will be the seventh transaction backed by receivables originated and serviced by Socram Banque (A-/Stable/A-2). The purpose of the transaction will...
Companies mentioned in this report are: FCT Titrisocram Compartment Titrisocram 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.
FCT Titrisocram Compartment Titrisocram 2012-1