AmeriCredit Corp. Announces $1,200,000,000 Asset-Backed Securitization
May 19, 2000
AMERICREDIT CORP. announced the pricing of a $1.2 billion offering of automobile receivables-backed securities through Credit Suisse First Boston, Banc of America Securities LLC, Chase Securities Inc., and Deutsche Banc Alex Brown. ... Continue reading
National Auto Credit Announces Results for Year End and Q4
May 16, 2000
National Auto Credit, Inc. announced financial results for its year ended January 31, 2000 and the fourth quarter of fiscal year 2000. ... Continue reading
S&P Asgns Rtgs to DaimlerChrysler Auto Trust 2000-B
May 16, 2000
Standard & Poor's assigned its ratings to DaimlerChrysler Auto Trust 2000-B's US$1.5 billion asset-backed notes (see list). ... Continue reading
S&P Rates Hitachi Credit Auto Loan Trust Certs 'AAA'
May 15, 2000
Standard & Poor's assigned its triple-'A' ratings to Hitachi Credit Auto Loan Trust Series 3 Certificates. ... Continue reading
S&P Assigns Prelm 'AAA' to Hitachi Credit Auto Loan Trust
May 11, 2000
Standard & Poor's assigned its preliminary triple-'A' ratings to Hitachi Credit Auto Loan Trust Series 3 Certificates. The terms of each class of the certificates are as follows: ... Continue reading
S&P: Toyota Auto Lease Senior Certificates Ratings off WatchNeg, Affirmed
May 1, 2000
Standard & Poor's affirmed its ratings on the senior asset- backed certificates of Toyota Auto Lease Trust 1997-A, Toyota Auto Lease Trust 1998-A, Toyota Auto Lease Trust 1998-B, and Toyota Auto Lease Trust 1998-C (see list). ... Continue reading
Group 1 Gains in Revenues, Operating Income, Net Income for Q1 2000
Apr 27, 2000
Group 1 Automotive, Inc., a leading operator in the automotive retailing industry, reported gains in revenues, net income and earnings per share for the first quarter of 2000 compared with the same period last year. ... Continue reading
Tenneco Automotive Bank Loan Rated `BB' By Fitch IBCA
Apr 24, 2000
Tenneco Automotive Inc.'s (Tenneco) senior secured bank term loan is rated `BB' by Fitch IBCA. The company's senior unsecured debt rating is `BB-` and its 11 5/8% senior subordinated debentures due 2009 are rated `B+'. ... Continue reading
Credit Acceptance Corporation Reports First Quarter Earnings
Apr 21, 2000
Credit Acceptance Corporation announced consolidated net income for the quarter ended March 31, 2000 was $5,726,000 or $.13 per diluted share compared to $5,379,000 or $.12 per diluted share for the same period in 1999. ... Continue reading
Auto Lending Year In Review: Fitch IBCA
Apr 17, 2000
Fitch IBCA has published a report on the U.S. auto lending industry. Against the backdrop of rising auto sales, fundamental changes are occurring in the industry. ... Continue reading
DCR Reaffirms Ford's Long-Term Ratings
Apr 17, 2000
Duff & Phelps Credit Rating Co. has reaffirmed the term debt and preferred stock ratings of Ford Motor Company and its automotive financing subsidiary, Ford Motor Credit Company, in light of Ford's announcement of major shareholder actions. ... Continue reading
Ford Credit Auto Owner Trust 2000-B Expected `AAA' By Fitch IBCA
Apr 17, 2000
Fitch IBCA expects to rate Ford Credit Auto Owner Trust 2000-B as follows: ... Continue reading
Ford Credit Earns $353 Million in the First Quarter, Up 18 Percent
Apr 17, 2000
Ford Credit earned $353 million in the first quarter of 2000, up $53 million, or 18 percent from first quarter 1999, Chairman and Chief Executive Officer Donald A. Winkler announced. ... Continue reading
Ford, Ford Cr `A+' Rtgs Affd By Fitch IBCA On Major Actions
Apr 17, 2000
Ford Motor Company's `A+' senior debt and Ford Motor Credit's `A+' senior debt and `F1' commercial paper ratings for all issuing entities are affirmed by Fitch IBCA. Hertz Corporation's `F1' commercial paper rating is also affirmed. ... Continue reading
S&P Assigns 'AAA' Rtgs to Hitachi Credit Y2.39B Certs
Apr 17, 2000
Standard & Poor's assigned its 'AAA' ratings to Hitachi Credit Auto Loan Trust Series 2 Certificates. The terms of each class of the certificates are as follows: ... Continue reading
The Auto Channel content library (since 1996) has grown to become the world’s most extensive and complete interactive archive of automotive centric news, articles, reviews and intense event coverage, presented to viewers as Text, Video and Images.
