Preliminary Rating Assigned In French Auto ABS Transaction FCT TitriSocram Compartment TitriSocram 2012-1 Jan 12
- ID: 2084345
- January 2012
- Region: France
- Standard & Poors
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
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