Fitch Affirms 11 Classes From 3 Capital One Auto Loan-Backed Transactions.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 -- Fitch affirms eight classes of the Capital One Auto Receivables Trust (COAFT COAFT Capital One Auto Finance Trust ) 2005-B-SS and 2006-B sub-prime transactions and affirms three classes of the Capital One Prime Auto Receivables Trust(COPAR COPAR Council for the Preservation of Anthropological Records (US) ) 2005-1 prime transactions as listed below: COAFT 2005-B-SS --class A-3 notes 'AAA'; --class B notes 'AAA'; --class C notes 'AA'; --class D notes 'A'. COAFT 2006-B --class A-2 notes 'AAA'; --class A-3A notes 'AAA'; --class A-3B notes 'AAA'; --class A-4 notes 'AAA'. COPAR 2005-1 --class A-3 notes 'AAA'; --class A-4 notes 'AAA'; --class B notes 'A+'. The affirmations are a result of continued available credit enhancement Credit Enhancement A method whereby a company attempts to improve its debt or credit worthiness. Notes: Credit enhancements take many different forms. An example of a credit enhancement would be conversion rights added on to a debt instrument in order to lower the issuing in excess of stressed remaining losses. Currently, under the credit enhancement structure, the securities can withstand stress scenarios consistent with the current rating categories and still make full payments of interest and principal in accordance with the terms of the documents. As before, the ratings reflect the quality of Capital One Auto Finance Inc.'s retail auto loan originations, the sound financial and legal structure of the transactions, and servicing provided by Capital One Auto Finance Inc. Classes A-1 and A-2 of COAFT 2005-B-SS, Class A-1 of COAFT 2006-B and Classes A-1 and A-2 of COPAR 2005-1 have paid in full. 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 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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