Fitch SMARTView: 11 U.S. ABS Auto Sector Deals Placed Under Analysis.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 -- Following its monthly surveillance review, Fitch identified 11 of its $85.1 billion U.S. ABS (Automatic Backup System) See backup program. Auto deals as 'Under Analysis', indicating that Fitch will be issuing a rating action within 30 days. 123 Auto deals were designated March 9, 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 2004-1; -- Ford Credit Auto Owner Trust 2004-A; -- Ford Credit Auto Owner Trust 2005-A; -- Ford Credit Auto Owner Trust 2005-B; -- Ford Credit Auto Owner Trust 2005-C; -- Ford Credit Auto Owner Trust 2006-A; -- Ford Credit Auto Owner Trust 2006-B; -- Ford Credit Auto Owner Trust 2006-C; -- Global Execution Auto Receivables 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. 2004-A; -- Global Execution Auto Receivables Securitization 2005-A; -- Wachovia Auto Owner Trust 2006-A. SMARTView is available on the 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. 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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