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Securitization of Auto Leases Is Gearing Up For Growth, DCR Says

23 September 1997

Securitization of Auto Leases Is Gearing Up For Growth, DCR Says

    NEW YORK, Sept. 23 -- As automobile leasing continues to
enjoy greater popularity among consumers, the marketplace for securitization
transactions backed by auto leases could experience rapid growth, Duff &
Phelps Credit Rating Co. (DCR) said in a report to be released today.
    By the year 2000, approximately 40 percent of vehicle acquisitions will
be financed through leases. This increased volume of leasing will eventually
result in an increase in auto lease securitization.
    Until now, only three issuers have sold public auto lease transactions
and legal securitization issues have impaired the growth of these
transactions.  As these issues are resolved, more auto lease portfolios
will be securitized and become a growing part of the asset-backed market.
    The new report, "Geared Up For Higher Speed: The Securitization of
Automobile Leases," may be obtained by calling DCR's hotline at 312-368-3198
 or e-mail at  hotline@dcrco.com.

SOURCE  Duff & Phelps Credit Rating Co.