Fitch Issues Presale Report on Whole Auto Loan Trust 2003-1.Business Editors NEW YORK--(BUSINESS WIRE)--Sept. 24, 2003 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 Whole Auto Loan Trust (WALT WALT World Association for Laser Therapy WALT We Are Learning To (primary education) WALT Warning Assessment Logic Terminal WALT West's Automatic Law Terminal ) 2003-1 discussing the rating analysis behind Fitch's expected 'F1+' ratings on the class A-1 notes, 'AAA' ratings on the class A-2, A-3 and A-4 notes, 'A+' ratings on the class B notes, and 'BBB+' ratings on the class C notes. The class D notes are being offered privately and are not discussed in the report. 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 and light duty trucks originated by DaimlerChrysler Services North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. , Ford Motor Credit Co., and General Motors Acceptance Corp. The following presale report is available to all investors on Fitch's corporate site 'www.fitchratings.com' or by contacting Maria Sedlack at 1-212-908-0539 or via e-mail, 'maria.sedlack@fitchratings.com'. For more information about Fitch's comprehensive subscription service FitchResearch, which includes all pre-sale reports, surveillance, and credit reports on more than twenty asset classes, contact product sales at 1-212-908-0800 or at 'webmaster@fitchratings.com'. |
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