S&P Affirms Nissan Motor Ratings; Off CreditWatch
Jun 12, 1998
Standard & Poor's today affirmed its triple-'B'-minus long-term ratings and 'A-3' short-term ratings of Nissan Motor Co. Ltd. and related entities. At the same time, the ratings were removed from CreditWatch, where they were placed May 21, 1998. ... Continue reading
`Wheels' Online Automotive Solution in Arizona Soon to Launch
Jun 9, 1998
Arizona auto buyers searching for their dream cars won't have far to travel. They'll soon be able to scour thousands of vehicles at local dealer lots right from their computer screens. Banc One Credit Company, Navidec Inc., and Phoenix's ABC-15 are bringing the popular "Wheels" online automotive shopping solution to Ar ... Continue reading
Fair, Isaac Unveils New CrediTable Models
Jun 5, 1998
Fair, Isaac and Company, Inc. announced new CrediTable(R) credit application models targeted for auto leasing, home equity and retail -- the first of a new group of Special Portfolio models. ... Continue reading
National Auto Credit Reaches Agreement with Lenders
Jun 5, 1998
National Auto Credit, Inc. announced that it has reached an agreement in principle with its lenders to further extend the maturity date of the amounts outstanding under its credit agreements, originally due on January 21, 1998, until 9/30/98. ... Continue reading
National Auto Credit Announces Engagement
Jun 1, 1998
National Auto Credit, Inc. announced that they hqve engaged the services of the corporate turnaround specialist firm Jay Alix & Associates to advise the Company in refining the Company's business strategy and developing new business strategies. ... Continue reading
Walbro Co. Announces Completion of New Line of Credit
Jun 1, 1998
Walbro Co. has announced that it has completed a new $150 million line of credit from NationsBank Business Credit. The proceeds will be used to repay the Company's existing revolving line of credit and the 7.68% Senior Notes issued in 1994. ... Continue reading
Ford's Secret Weapon in Building Owner Loyalty - Ford Credit
May 28, 1998
Owner loyalty to Ford Motor Co and its dealers is significantly higher for customers who finance with Ford Credit. New research results confirm that Ford Credit customers are 15 percent more loyal to Ford and 41 percent more loyal to their dealers. ... Continue reading
Dana Commercial Credit Co. Considering Strategic Alternatives
May 22, 1998
Dana Commercial Credit Corporation has retained J.P. Morgan & Co. to advise it on strategic alternatives for its small- and mid-ticket Technology Leasing Group. ... Continue reading
Fitch IBCA Expects to Rate $1.25B Premier 1998-3 ABS
May 22, 1998
Premier Auto Trust 1998-3'S $510 million 5.82% class A-2 asset-backed notes, $370 million 5.88% class A-3 and $311.875 million 5.96% class A-4 are expected to be rated 'AAA' by Fitch IBCA. ... Continue reading
S&P Places Nissan Motor Ratings on Watch Neg
May 21, 1998
Standard & Poor's today placed its triple-'B'-minus long-term ratings and 'A-3' short-term ratings of Nissan Motor Co. Ltd. and related entities on CreditWatch with negative implications ... Continue reading
AutoBond Acceptance Co. Secures $20 million Equity Line
May 20, 1998
Dresner Investment Services, Inc., an investment banking firm, announced that Promethean Investment Group, L.L.C., a fund mngt. group, had entered into an agreement to provide AutoBond Acceptance Co. an equity line of capital up to $20 million. ... Continue reading
Ford Credit Adds New Initiatives in Latin America
May 20, 1998
Ford Credit has introduced "Ford Credit Select," a new retail balloon financing product for Ford customers in Argentina. Another program offers wholesale and retail financing to Ford dealers and their customers in Colombia. ... Continue reading
Westar Financial Says Boosted Volumes and Credit Quality
May 20, 1998
Westar Financial Services Incorporated,a prime- credit auto lessor, said its lease approval volumes have soared at the same time credit quality has improved, following the introduction of numerous new products at the beginning of this year. ... Continue reading
AutoBond Provides Credit Performance Information
May 19, 1998
AutoBond Acceptance Corp., is pleased to provide amortization, charge-off acceleration, cumulative gross repossession and net cumulative loss data recognized by month since inception through March 1, 1998 for its outstanding securitization trusts. ... Continue reading
AutoBond Announces First Quarter Earnings
May 15, 1998
AutoBond Acceptance Corporation, reports a first quarter 1998 loss of $121,138 (fully diluted -$0.05 per share) versus net income of $179,028 ($0.03 per share) for the first quarter 1997. ... Continue reading
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