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DUFF & PHELPS RATES WORLD OMNI CERTIFICATES

 CHICAGO, Feb. 11 /PRNewswire/ -- Duff & Phelps Credit Rating Co. has assigned the $122,147,973.58 4.95 percent Class A Asset Backed Certificates of
World Omni 1993-A Grantor Trust a rating of AAA' (Triple-A). This AAA' rating is based on the following transaction attributes: the high credit quality of the receivables, the legal structure of the transaction, the ability of World Omni Financial Corp. to service the receivables, and the level of available credit support provided. Credit enhancement for the Class A certificates consists of an 11 percent subordinated Class B and a subordinated spread account initially funded at 0.15 percent of the initial pool balance and increasing with Class B and seller cash flows to $3,019,388.11 or 2.2 percent of the initial pool balance. Duff & Phelps performed an analysis on the projected cash flows under stressed economic scenarios to determine the required credit support for the assigned rating.
 The trust is comprised of $137,244,914.13 of principal receivables on retail installment sale contracts secured by new and used automobiles and light duty trucks sold to the trust by World Omni Receivable Corp., the seller. The trust consists of 13,804 contracts, of which approximately p?ercent of the principal outstanding represent loans financed on new vehicles. The loans are geographically concentrated in Georgia, Florida, South Carolina, Alabama, and North Carolina. The average loan size is $9,942.40 and the pool has a weighted average APR of 11.24 percent. The weighted average remaining term of the pool is 48.8 months.
 -0- 2/11/93
 /CONTACT: Julia S. Landes of Duff & Phelps, 312-368-3180/


CO: World Omni ST: IN: FIN SU: RTG

TM -- NY091 -- 5917 02/11/93 17:23 EST
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Publication:PR Newswire
Date:Feb 11, 1993
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