Correct: Fitch Conducts Annual Portfolio Review of US Dealer Floorplan ABS Transactions; Affs Rtgs.NEW YORK New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of -- (This is an amended a·mend v. a·mend·ed, a·mend·ing, a·mends v.tr. 1. To change for the better; improve: amended the earlier proposal so as to make it more comprehensive. 2. version of a press release issued earlier today containing revised information on the ratings for GE Dealer Floorplan Master Note Trust Series 2004-2.) Fitch Ratings Fitch Ratings An international rating agency for financial institutions, insurance companies, and corporate, sovereign, and municipal debt. Fitch Ratings has headquarters in New York and London and is wholly owned by FIMALAC of Paris. affirms the following classes of dealer floorplan asset-backed securities Asset-backed security A security that is collateralized by loans, leases, receivables, or installment contracts on personal property, not real estate. asset-backed security A debt security collateralized by specific assets. (ABS (Automatic Backup System) See backup program. ) programs following completion of an annual review of all outstanding dealer floorplan transactions rated by Fitch fitch: see polecat. : CNH CNH Carteira Nacional de Habilitação CNH Centro Nacional de Huracanes (Spanish) CNH California Nevada Hawaii (a district of Kiwanis International) CNH Club Náutico Hacoaj Wholesale Master Note Trust Series 2005-1: --Class A 'AAA'; --Class B 'A+'. Series 2006-1: --Class A 'AAA'; --Class B 'A'. DaimlerChrysler Master Owner Trust Series 2004-B: --Class A 'AAA'. Series 2005-A: --Class A 'AAA'. Series 2005-C: --Class A 'AAA'. Series 2006-A: --Class A 'AAA'. Ford Credit Floorplan Master Owner Trust A Series 2004-1 --Class A 'AAA'; --Class B 'A'. Series 2005-1 --Class A 'AAA'; --Class B 'A'. Series 2006-3: --Class A 'AAA'; --Class B 'A'. Series 2006-4: --Class A 'AAA'; --Class B 'A'. GE Dealer Floorplan Master Note Trust Series 2004-2: --Class A 'AAA'; --Class B 'A'; --Class C 'BBB+'. Series 2005-1: --Class A 'AAA'; --Class B 'A'; --Class C 'BBB'. Series 2005-2: --Class A 'AAA'; --Class B 'A'; --Class C 'BBB'. Series 2006-1: --Class A 'AAA'; --Class B 'A'; --Class C 'BBB'. Series 2006-2: --Class A 'AAA'; --Class B 'A'; --Class C 'BBB'. Series 2006-3: --Class A 'AAA'; --Class B 'A'; --Class C 'BBB'. Series 2006-4: --Class A 'AAA'; --Class B 'A'; --Class C 'BBB'. Superior Wholesale Inventory Financing Inventory financing Used in the context of factoring and general finance to refer to loans to consumer product producers that use inventory as collateral. See also: Inventory loan. Trust VIII Series 2003-A: --Term Notes 'AAA'; --Certificates 'A+'. Series 2004-A: --Term Notes 'AAA'. Superior Wholesale Inventory Financing Trust IX Series 2004-A: --Term Notes 'AAA'; --Certificates 'A+'. Superior Wholesale Inventory Financing Trust X Series 2004-A: --Class A 'AAA'; --Class B 'A'; --Class C 'BBB'. Superior Wholesale Inventory Financing Trust XI Series 2005-A: --Class A 'AAA'; --Class B 'A'; --Class C 'BBB+'; --Class D 'BB+'. Superior Wholesale Inventory Financing Trust XII Series 2005-A: --Class A 'AAA'; --Class B 'A'; --Class C 'BBB+'; --Class D 'BB+'. Series 2005-B --Class A 'AAA'. Fitch recently completed an annual portfolio review of the U.S. dealer floorplan ABS sector providing commentary on the lifetime performance of 25 transactions rated by Fitch. Each transaction is performing as originally expected resulting in no rating actions. Despite this, Fitch believes the highly competitive U.S. vehicle sales market and weaker corporate debt ratings of U.S. manufacturers will continue to lead to a challenging environment for the auto dealer floorplan sector. Fitch's rating definitions and the terms of use Terms of Use are rules set up by the owner of an intellectual property or service to govern how they may be legally used. In many cases, terms of service are used as a contractual agreement between a company and users of a service they provide. of such ratings are available on the agency's public site, www.fitchratings.com. Published ratings, criteria criteria (krītēr´ē n. and methodologies are available from this site, at all times. Fitch's code of conduct, confidentiality, conflicts of interest, affiliate firewall, compliance and other relevant policies and procedures Policies and Procedures are a set of documents that describe an organization's policies for operation and the procedures necessary to fulfill the policies. They are often initiated because of some external requirement, such as environmental compliance or other governmental are also available from the 'Code of Conduct' section of this site. |
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