AmeriCredit Announces $1,300,000,000 Asset-Backed Securitization
Jan 28, 2000
AmeriCredit Corp. announced the pricing of a $1.3 billion offering of automobile receivables-backed securities through Banc of America Securities LLC, Bear, Stearns & Co. Inc., Chase Securities Inc. and Credit Suisse First Boston. ... Continue reading
Credit Acceptance Reports 1999 Q4 and Year End Operating Results
Jan 27, 2000
Credit Acceptance Corporation announced consolidated net income for the quarter ended December 31, 1999 was $3,805,000 or $.08 per diluted share compared to $5,025,000 or $.11 per diluted share for the same period in 1998. ... Continue reading
Ford Credit Earns $309 Million in the Fourth Quarter, up 32 Percent
Jan 26, 2000
Ford Credit earned $309 million in the fourth quarter of 1999, up $75 million, or 32 percent from fourth quarter 1998, Chairman and Chief Executive Officer Donald A. Winkler announced. ... Continue reading
Moody's Confirms Credit Rating for Collins & Aikman
Jan 25, 2000
Collins & Aikman Corporation announced that Moody's Investor Services (Moody's) has confirmed the Company's corporate credit rating and has taken Collins & Aikman off its credit review listing. ... Continue reading
Mark IV Industries Debt On RatingAlert-Evolving By Fitch IBCA
Jan 24, 2000
Mark IV Industries Inc.'s `BBB-` senior subordinated debt and `BBB' bank loan ratings are placed on RatingAlert-Evolving which means that the ratings could be raised, lowered, or remain unchanged. ... Continue reading
Vehix.com Announces Online Financing Alliance with Ford Motor Credit
Jan 24, 2000
Vehix.com and Ford Motor Credit Company announced the formation of a new alliance involving online financing opportunities on the national automotive online buying service website Vehix.com. ... Continue reading
Fitch IBCA Issues Report on SWIFT V
Jan 13, 2000
Fitch IBCA, the international rating agency, has issued a report on Superior Wholesale Inventory Financing Trust V (SWIFT V). ... Continue reading
Auto Delinquencies & Losses Stabilize Says Fitch IBCA
Jan 12, 2000
Fitch IBCA has seen a stabilizing trend in delinquencies and losses on auto loan backed securitizations according to two new publications, 'In the Auto ABS Driver's Seat' and 'In the Auto ABS Driver's Seat Owner's Manual.' ... Continue reading
DCR Assigns a 'AAA' CPA Rating to USAA
Jan 12, 2000
Duff & Phelps Credit Rating Co. (DCR) assigned claims paying ability ratings of 'AAA' (Triple-A) to the United Services Automobile Association (USAA). ... Continue reading
Ford Credit Offers First Underwritten Corporate Debt Offering Over the Internet
Jan 10, 2000
Ford Motor Credit Company (Ford Credit) announced that for the first time both institutional and retail investors will be offered a major corporate debt issue over the Internet. ... Continue reading
National Auto Credit Announces Financial Results for Fiscal 2000 Third Quarter
Dec 31, 1999
National Auto Credit, Inc. announced financial results for the third quarter of fiscal year 2000 ended October 31, 1999. The Company operates on a fiscal year ending January 31. ... Continue reading
New Branding for Toyota Financial Services Companies
Dec 21, 1999
Toyota Motor Credit Corporation and Toyota Motor Insurance Services, Inc. announced today the creation of a new unified brand identity, Toyota Financial Services (TFS). ... Continue reading
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