News By Topic: Credit Bureaus (Chrysler Credit, GMAC, etc.)

National Auto Credit Announces Financial Results for Fiscal 1998 and 1999

Jul 30, 1999

National Auto Credit, Inc. announced financial results for its fiscal years ended January 31, 1998 and 1999, and the restatement of previously issued results for fiscal years 1995, 1996 and 1997. ... Continue reading

S&P Assigns Ford Credit Auto Owner Tr Prelim Ratings

Jul 26, 1999

Standard & Poor's assigned its preliminary ratings to Ford Credit Auto Owner Trust 1999-C's asset-backed securities as follows: ... Continue reading

International Speedway Closes On $300 Million Credit Facility

Jul 23, 1999

International Speedway Corporation announced that it has closed on a five-year, $300 million revolving credit facility which will be utilized to finance a portion of ISC’s pending merger with Penske Motorsports, Inc. ... Continue reading

DCR Rates Ford Motor and Ford Motor Credit

Jul 12, 1999

Duff & Phelps Credit Rating Co. has assigned a rating of 'A+' (Single-A-Plus) to the $8.6 billion of Global Landmark SecuritiesT issued by Ford Motor Company (Ford) and Ford Motor Credit Company, Ford's financial services subsidiary. ... Continue reading

BancBoston Robertson Stephens Reiterates Buy Rating on GPI

Jul 9, 1999

BancBoston Robertson Stephens senior automobile analyst Jordan Hymowitz reiterated his Buy rating on Group 1 Automotive . The company is the seventh-largest-dealership group in the United States. ... Continue reading

Ford Credit Joins IHA to Offer Customers an Easier Way to Buy Auto Insurance

Jul 9, 1999

Ford Credit has made an equity investment in Insurance Holdings of America, Inc. ... Continue reading

UNIDYNE Announces New Credit Agreement

Jul 9, 1999

UNIDYNE Corporation announced that it has received credit committee approval for up to $10 million for working capital and acquisitions. ... Continue reading

AmeriCredit Corp. Expands Credit Facilities to More than $1 Billion

Jul 2, 1999

AmeriCredit Corp. announced that it has expanded the size of its structured warehouse facility with Credit Suisse First Boston as funding agent with the inclusion of two additional financial institutions. ... Continue reading

S&P Rates Commercial Risk Reinsurance and Sub 'AA-'

Jul 2, 1999

Standard & Poor's assigned its double-'A'-minus financial strength rating to Commercial Risk Reinsurance Co. Ltd and its subsidiary, Commercial Risk Re-Insurance Co. ... Continue reading

DBRS Raises Ford Credit Canada's Ratings

Jul 1, 1999

Dominion Bond Rating Service Limited announced that it has upgraded the commercial paper and senior debt ratings for Ford Credit Canada Limited, a subsidiary of Ford Motor Credit Company. ... Continue reading

Ford Credit Completes Global Landmark Securities Roadshow

Jun 24, 1999

Ford Credit completed its Global Landmark Securities (GlobLS) roadshow. The three continent roadshow included over 250 investors in 25 cities in Europe, Asia and the United States. ... Continue reading

DaimlerChrysler Combines Its Worldwide Credit Facilities

Jun 23, 1999

DaimlerChrysler is combining its worldwide Revolving Credit Facilities completing another step in the merger integration process -- this time in the area of Corporate Finance. ... Continue reading

DCR Upgrades Debt Ratings of Textron Inc.

Jun 22, 1999

Duff & Phelps Credit Rating Co. (DCR) has raised the ratings of Textron Inc.'s senior unsecured debt to 'A' (Single-A) from 'A-.' ... Continue reading

S&P Reaffirms Credit and Debt Ratings for Dana and Dana Credit

Jun 18, 1999

Standard & Poor's Corporation has affirmed its "A-" corporate credit rating and its "A-" senior unsecured debt rating on Dana Corporation, and removed the ratings from its CreditWatch. ... Continue reading

DCR Assigns Preliminary Ratings to Premier Auto Trust 1999-3

Jun 17, 1999

Duff & Phelps Credit Rating Co. (DCR) has assigned the following preliminary ratings to the notes issued by Premier Auto Trust 1999-3: ... Continue reading