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GMAC 1993 B GRANTOR TRUST $1,341,824,373.08 CLASS A 4.00 PERCENT ASSET BACKED CERTIFICATES RATED 'AAA'

 CHICAGO, Sept. 16 /PRNewswire/ -- Duff & Phelps Credit Rating Co. has assigned a rating of 'AAA' (Triple A) to the GMAC 1993 B Grantor Trust $1,341,824,373.08 Class A 4.00 percent Asset Backed Certificates. The securities are secured by a pool of retail installment sale contracts for new and used automobiles and light trucks originated by General Motors Acceptance Corporation.
 The rating addresses timely payment of interest and the ultimate payment of principal by the respective maturity date, and is based on the following transactions attributes: the high credit quality of the receivables, the legal structure of the transaction, the ability of General Motors Acceptance Corporation to service the accounts, and the amount of available credit support provided in the form of 7.50 percent subordination represented by Class B Certificates and a 0.75 percent subordination spread account available to the Class A certificate holders.
 Duff and Phelps performed an analysis on the projected cash flows under stressed economic scenarios to determine the required credit support for the assigned ratings. Strengths of the transaction include the continual improvement of historical delinquency and loss rates for GMAC's underwriting. Duff & Phelps views the receivables pool as being of very high quality and the structure as being adequate to support the timely payment of interest and the ultimate payment of principal to the certificate holders. Duff and Phelps anticipates that the pool will perform in an above average manner under all economic conditions.
 The collateral is comprised of 149,904 retail installment sale contracts representing $1,450,620,943.87 of principal receivables. Approximately 75 percent of the financings are for new vehicles with the remainder being for used. The loans are geographically distributed cross the United States. The average loan size is $9,677 and the pool has a weighted average annual percentage of 10.9 percent. Seasoning on the pool is approximately 9.5 months.
 A complete report on the transaction is available upon request.
 -0- 9/16/93
 /CONTACT: David F. Whiting of Duff & Phelps Credit Rating Co., 312-629-3841/


CO: Duff & Phelps Credit Rating, Co.; General Motors Acceptance
 Corporation ST: Illinois IN: FIN SU: RTG


WB -- NY071 -- 2819 09/16/93 16:30 EDT
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Publication:PR Newswire
Date:Sep 16, 1993
Words:368
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