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HOUSEHOLD'S HACCMTI 1993-2&3 CLASS A 'AAA', CLASS B 'AA-' BY FITCH -- FITCH FINANCIAL WIRE --

 NEW YORK, Nov. 18 /PRNewswire/ -- Household Affinity Funding Corp.'s $500 million 5.60 percent series 1993-2 class A credit card participation certificates are rated "AAA" by Fitch. The $29.412 million 5.90 percent series 1993-2 class B participation certificates are rated "AA-." In addition, series 1993-3 class A and B certificates, being issued concurrently in the same amounts, are rated "AAA" and "AA-," respectively. Series 1993-3 class A certificates have a 3.3575 percent initial coupon (one-month LIBOR plus 0.17 percent) with a maximum rate of 11 percent; class B's interest rate is 4.95 percent.
 Both series are issued from Group One of Household's master trust structure. The master trust's previously issued series 1993-1 "AAA" class A and "AA-" class B certificates are affirmed. Household Affinity Funding Corp. is a special purpose subsidiary of Household Bank, FSB. Household Finance Corp. (HFC) is the servicer.
 For both series, the "AAA" rating is based on the quality of the revolving credit card receivables, subordination of class B certificates equal to 5 percent of the total invested amount, and the collateral amount equal to 10 percent of the total invested amount. The collateral amount consists of a cash collateral account (CCA) and an undivided interest in the trust assets called the collateral invested amount (CIA). Initially, the CCA amount is zero. The collateral amount is in the first loss position supporting class A then class B.
 The "AA-" rating reflects the quality of the receivables, the 10 percent collateral amount and HFC's servicing capabilities. The collateral amount covers shortfalls in payments to class B investors after class A requirements are met.
 Series 1993-2 will have an interest-only period covering 72 months. After the interest-only period, class A investors should receive 12 equal monthly principal payments up to the controlled amortization amount of $41.667 million. The final class A principal payment is expected to be made in Nov. 2000. Class B's final payment date is expected to be in December 2000. Series 1993-3 will have an interest- only period of 34 months. Class A and B investors are expected to be repaid in Jan. 1997. Class A and B investors for both series will receive interest monthly beginning Dec. 15, 1993.
 The trust's assets include a pool of credit card receivables totaling approximately $3.9 billion as of Sept. 30, 1993. The current pool of receivables was generated from MasterCard credit card accounts originated by Household Bank under an affinity program between Household Bank and General Motors. The GM Card program began in September 1992. The portfolio's performance is uncertain due to the pool's lack of seasoning and current low utilization rate. This concern is somewhat mitigated by Household's proven expertise in applicant credit scoring and cardholder behavior scoring.
 -0- 11/18/93
 /CONTACT: Gracen Fraser, 212-908-0520, or David Howard, 212-908-0677, both of Fitch/


CO: Household Affinity Funding Corp. ST: IN: FIN SU: RTG

MP -- NY018 -- 5896 11/18/93 09:29 EST
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Date:Nov 18, 1993
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