Fitch Issues Presale Report on DaimlerChrysler Auto Trust 2004-A.Business Editors NEW YORK--(BUSINESS WIRE)--Feb. 24, 2004 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 today on DaimlerChrysler Auto Trust 2004-A, discussing the rating analysis behind Fitch's expected 'F1+/AAA' ratings on the class A notes and 'A' rating on the class B notes. The securities are backed by a pool of 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 and used automobiles No invention has so transformed the landscape of the United States as the automobile, and no other country has so thoroughly adopted the automobile as its favorite means of transportation. and light duty trucks. The 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 20 asset classes, contact product sales at +1-212-908-0800 or at 'webmaster@fitchratings.com'. |
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