Correction: Fitch Ratings Issues Presale Report On Capital Auto Receivables Asset Trust 2003-2.Business Editors NEW YORK--(BUSINESS WIRE)--June 3, 2003 (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 dated June 2, which includes corrected rating for the class A-1 notes) 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. has issued a presale pre·sale n. 1. The period before something, such as a work of art, is available for sale to the public. 2. An exclusive or private sale held before an advertised sale. report on Capital Auto Receivables Receivables An asset designation applicable to all debts, unsettled transactions or other monetary obligations owed to a company by its debtors or customers. Receivables are recorded by a company's accountants and reported on the balance sheet, and they and include all debts owed Trust 2003-2 discussing the rating analysis behind Fitch's expected 'F1+' rating on the class A-1 notes, 'AAA' ratings on the class A-2 through A-4 notes, and 'AA-' rating on the certificates. The securities are backed by a pool of prime retail installment sales Installment sale The sale of an asset in exchange for a specified series of payments (the installments). installment sale A sale in which the buyer is scheduled to make a series of payments over a period of time. contracts secured by new automobiles and light duty trucks. The following presale report is available to all investors on Fitch's corporate site 'www.fitchratings.com' or by contacting Sara Grohl at 1-212-908-0564 or via e-mail, 'sara.grohl@fitchratings.com'. For more information about Fitch's comprehensive subscription service FitchResearch, which includes all presale reports, surveillance, and credit reports on more than twenty asset classes, contact product sales at 1-212-908-0800 or at 'webmaster@fitchratings.com'. |
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