Fitch Announces SMARTView For The US ABS Auto Loan Sector.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 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 added U.S. Asset Backed Auto Loan transactions to its SMARTView eligible transactions. Fitch identified 14 U.S. ABS Auto Loan deals among its 131 rated universe as 'Under Analysis', indicating that Fitch will be issuing a rating action within 30 days. 117 Auto Loan deals were designated January 10, 2007 indicating that no immediate action is necessary. The following transactions are designated as 'under analysis' having been identified by Fitch's automated algorithms: -- Capital Auto Receivables Asset Trust 2006-1; -- Capital Auto Finance Trust 2005-B-SS; -- Capital One Prime Auto Receivables Trust 2004-2; -- Capital One Prime Auto Receivables Trust 2005-1; -- Chase Auto Owner Trust 2005-A; -- Chase Manhattan Auto Owner Trust 2003-C; -- DaimlerChrysler Auto Trust 2004-A; -- Goldman Sachs Auto Loan Trust 2006-1; -- Hyundai Auto Receivables Trust 2003-A; -- Hyundai Auto Receivables Trust 2005-A; -- Merrill Auto Trust Securitization Securitization The process of creating a financial instrument by combining other financial assets and then marketing them to investors. Notes: Mortgage backed securities are a perfect example of securitization. May also be spelled as "securitisation. 2005-1; -- WFS WFS Wegfahrsperre (German: drive away blocking system) WFS Web Feature Service WFS World Future Society WFS World Food Summit WFS Wave Front Sensor WFS Wolfram Syndrome WFS Wire Feed Speed (welding) Financial Owner Trust 2005-2; -- WFS Financial Owner Trust 2005-3; -- Whole Auto Loan Trust 2004-1. SMARTView is available on the Fitch Ratings web site at www.fitchratings.com, along with the report titled 'SMARTView, Fitch U.S. Structured Finance Monthly Public Reviews'. 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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