Fitch Announces Combined Rtgs For US Auto Related Asset-Backed Secs.Business Editors NEW YORK--(BUSINESS WIRE)--June 1, 2000 Fitch fitch: see polecat. , the international rating agency formed through the merger of Fitch IBCA IBCA International Braille Chess Association IBCA Institute of Burial and Cremation Administration IBCA Integrated Business Communications Alliance IBCA International Barbeque Cookers Association IBCA Department of Interior Board of Contract Appeals and Duff & Phelps Phelps may refer to: In places in the US:
DCR Decrease DCR Digital Cable Ready (television) DCR Dark Crisis (Yu-Gi-Oh! cards) DCR Debt Coverage Ratio DCR Dacryocystorhinostomy ), today announced that all of the outstanding auto loan, auto lease, dealer floorplan and rental RENTAL. A roll or list of the rents of an estate containing the description of the lands let, the names of the tenants, and other particulars connected with such estate. This is the same as rent roll, from which it is said to be corrupted. fleet ratings of Fitch IBCA and DCR are being combined into a single set of ratings to be maintained by Fitch. Consequently, auto related ratings will no longer be issued or maintained separately by either Fitch IBCA or DCR. As a result of the combination of the ratings of Fitch IBCA and DCR, Fitch announced the following changes to the outstanding public Auto Loan and Dealer Floorplan ratings of Fitch IBCA and DCR. (Ratings are designated as follows: Issuer; bond description; former Fitch IBCA (FI) rating; former Duff & Phelps (DCR) rating; and the new Fitch (Fitch) rating.) PRIME AUTO -- 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 Asset Trust 1999-2 Certificates, `A' (FI), `A+' (DCR), `A+' (Fitch). -- Premier Auto Trust 1997-3 Class B,`A+'(FI),`AA-` (DCR), `A+' (Fitch). -- Premier Auto Trust 1998-1 Class B, `A+'(FI),`AA-` (DCR), `A+' (Fitch). -- Premier Auto Trust 1998-2 Class B `A+'(FI),`AA-` (DCR), `A+' (Fitch). -- Premier Auto Trust 1998-3 Class B,`A+'(FI),`AA-` (DCR), `A+' (Fitch). Dealer Floorplan -- GMAC GMAC General Motors Acceptance Corporation GMAC Graduate Management Admission Council GMAC Give Me A Call GMAC Genetic Manipulation Advisory Committee GMAC Genetic Modification Advisory Committee (Singapore) GMAC Give Me A Chance SWIFT Trust 1999-1 (VI) Asset-Backed Certificates, `A+ (FI), `AA-` (DCR), `A+' (Fitch). Fitch hereby affirms all other outstanding public auto related ratings of Fitch IBCA and Duff & Phelps, except those currently on RatingAlert by Fitch IBCA and Rating Watch by Duff & Phelps for which the Rating Watch status will continue until otherwise announced. Over the next several months, Fitch intends to affirm, or in certain limited cases change, all of the outstanding private placement auto related ratings of Fitch IBCA and Duff & Phelps. All such affirmations or changes will be communicated by Fitch directly to the issuer, investors or other appropriate parties consistent with the established practice for communicating private ratings. The outstanding public auto related ratings of Fitch will be publicly available on both the Web sites of Fitch (www.fitchibca.com) and DCR (www.dcrco.com) for the next several weeks. Information about the outstanding public ratings of Fitch also may be obtained by calling 800/753-4824. |
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