Printer Friendly

DUFF & PHELPS ASSIGNS PRELIMINARY RATINGS TO PREMIER AUTO TRUST 1993-6

 CHICAGO, Nov. 8 /PRNewswire/ -- Duff & Phelps Credit Rating Co. has assigned the following preliminary ratings to Premier Auto Trust 1993-6: D-1+ (One-Plus) to the Money Market Asset Backed Notes, Class A-1, 'AAA' 'AAA' (Triple-A) to the Asset Backed Notes, Class A-2,(Triple-A) to the Asset Backed Notes, Class A-3, and 'AA-' (Double-A-Minus) to the Asset Backed Certificates.
 At issuance, the pool of assets is expected to consist of approximately $250,000,000 of retail auto installment sale contracts acquired by Chrysler Financial Corporation and sold to the trust, and a pre-funding account equal to approximately $1,250,000,000. The initial contracts have terms of up to 72 months, or approximately 12 months longer than contracts placed in prior Premier trusts.
 Pre-funding account monies will be used to purchase additional contracts, as they are originated, that are expected have a term of no more than 60 months.
 -0- 11/8/93
 /CONTACT: Julia S. Landes, VP of Duff & Phelps, 312-368-3180/


CO: Premier Auto Trust 1993-6 ST: IN: FIN SU: RTG

CK -- NY100 -- 1961 11/08/93 18:10 EST
COPYRIGHT 1993 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1993 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Nov 8, 1993
Words:179
Previous Article:AMERICAN STOCK EXCHANGE DAILY REPORT
Next Article:/NYSE CLOSING, MONDAY, NOV. 8 /PRN/
Topics:

Terms of use | Copyright © 2017 Farlex, Inc. | Feedback | For webmasters