BancBoston Robertson Stephens Reiterates Buy Rating on ACF
Aug 27, 1999
BancBoston Robertson Stephens senior financial services analyst Jordan Hymowitz reiterated his Buy rating on AmeriCredit. ... Continue reading
Westar Financial Begins Regional Operations in Minneapolis
Aug 27, 1999
Westar Financial Services Incorporated, a prime-credit auto lessor, announced the launch of its North Central Regional operations, centered in Minneapolis. ... Continue reading
World Omni Auto Lease Trust $1.1B Nts Expd AAA by Fitch IBCA
Aug 26, 1999
World Omni 1999-A Automobile Lease Securitization Trust's $330,000,000 floating rate class A-1, $310,000,000 floating rate class A-2, $249,000,000 floating rate class A-3, and $184,472,000 floating rate class A-4 automobile lease asset- backed notes are expected to be rated `AAA' by Fitch IBCA. ... Continue reading
Fitch IBCA Issues Special Report on The Hertz Corp.
Aug 25, 1999
Fitch IBCA has issued a special report on The Hertz Corp. Hertz is the largest car rental company in the world and one of the largest equipment rental companies in the U.S. ... Continue reading
Ford Credit Auto Owner Trust 1997-B, 1998-A Upgraded
Aug 25, 1999
Fitch IBCA upgrades Ford Credit Auto Owner Trust 1997-B's class B asset-backed notes to `AA' from `A+' and class C asset-backed notes to `A+' from `BBB+'. ... Continue reading
Chase Manhattan Auto Grantor Trust 1996-B Upgraded
Aug 18, 1999
Fitch IBCA upgrades Chase Manhattan Auto Grantor Trust 1996-B's class B automobile loan pass through certificates and Chase Manhattan Auto Owner Trust 1996-C's class B asset-backed certificates to `AA+' from `A+'. ... Continue reading
S&P Rates USAA Auto Loan Grantor Trust 1999-1 AAA,BBB
Aug 18, 1999
Standard & Poor's assigned its triple-'A' rating to USAA Auto Loan Grantor Trust 1999-1's $673.1 million 6.10% class A certificates and its triple-'B' rating to the $26.3 million 6.67% class B certificates. ... Continue reading
National Auto Finance Co. Announces Quarter Ending June 30, 1999
Aug 17, 1999
National Auto Finance Company, Inc. announced that it filed its Quarterly Report on Form 10-Q today, which reflects a loss of $1.7 million per share for the quarter ended June 30, 1999 vs. a loss of $4.3 million for the quarter ended June 30, 1998. ... Continue reading
Americredit Corp. Announces $1,000,000,000 Asset-backed Securitization
Aug 16, 1999
Americredit Corp. announced the pricing of a $1 billion offering of automobile receivables-backed securities through Chase Securities Inc., Banc of America Securities LLC, Bear, Stearns & Co. Inc. and Credit Suisse First Boston. ... Continue reading
Credit Acceptance Corp. Announces Stock Repurchase Program
Aug 6, 1999
Credit Acceptance Corp. announced that its board of directors has authorized a common stock repurchase program of up to 1,000,000 shares of the company's common stock. ... Continue reading
Americredit Announces Its 21st Consecutive Quarterly Earnings Increase
Aug 5, 1999
Americredit Corp. announced record net income of $22,477,000, or $0.33 per share, for its fourth fiscal quarter ended June 30, 1999, versus earnings of $13,901,000, or $0.21 per share, for the quarter ended June 30, 1998. ... Continue reading
Discount Auto Parts Completes of $265M, 5 Year Revolving Credit Facility
Aug 5, 1999
Discount Auto Parts, Inc. announced it had completed a new five year $265 million unsecured revolving credit facility with a syndication of banks. ... Continue reading
New WearCare Program from Ford Credit Addresses Key Concerns
Aug 5, 1999
Ford Credit has introduced WearCare(TM), anenhancement to Ford Credit's Red Carpet Lease and one of the first optional coverage programs offered by a major automaker to reduce customer liability for potential excess wear and use charges at lease-end. ... Continue reading
Federal-Mogul `BBB-` Affirmed by Fitch IBCA
Aug 4, 1999
Federal-Mogul Corp.'s senior unsecured debt issues are affirmed at `BBB-` by Fitch IBCA. ... Continue reading
UnitedAuto Announces $1.0B Financing Arrangement With Chrysler Financial
Aug 4, 1999
UnitedAuto Group, Inc., the nation's second largest publicly traded automotive retailer, announced that it had arranged $1.0 billion of financing with Chrysler Financial Company, L.L.C., a wholly owned subsidiary of DaimlerChrysler. ... Continue reading
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