Fitch Ratings Affirms Wachovia Auto Owner Trust 2006-A.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 has affirmed all classes of the Wachovia Auto Owner Trust 2006-A transaction, as follows: --Class A-2 notes at 'AAA'; --Class A-3 notes at 'AAA'; --Class A-4 notes at 'AAA'; --Class B notes at 'BBB'. Although realized losses Realized Loss A loss recognized when assets are sold for a price lower than the original purchase price. Notes: A portion of the realized loss may be applied against a capital gain or realized profit to reduce taxes. and future anticipated losses on the underlying fixed-rate notes exceed the original loss expectation, sufficient credit support remains to affirm the ratings. Delinquency and monthly net loss rates did exhibit small improvements during the February collection period with both rates slowing somewhat, relative to prior months. Fitch is closely monitoring the performance of this transaction, and may revisit re·vis·it tr.v. re·vis·it·ed, re·vis·it·ing, re·vis·its To visit again. n. A second or repeated visit. re its ratings if realized losses on the underlying collateral exceed Fitch's current expectations. 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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