Credit Acceptance Corporation Completes $110,000,000 Revolving Credit Agreement
Jun 16, 1999
Credit Acceptance Corporation announced that it has completed a $110 million credit agreement with a group of commercial banks which will replace its current credit facility. ... Continue reading
DCR Assigns Ratings to Household Automotive Trust III, Series 1999-1
Jun 14, 1999
Duff & Phelps Credit Rating Co. (DCR) has assigned the following preliminary ratings to the notes issued by Household Automotive Trust III, Series 1999-1: ... Continue reading
CPS Completes $234 Million Whole Loan Sale
Jun 11, 1999
Consumer Portfolio Services Inc. announced the completion of a $234 million whole loan sale to an affiliate of GE Capital Auto Financial Services. ... Continue reading
Fitch IBCA Places FMAC 1996-B On RatingAlert Negative
Jun 11, 1999
Fitch IBCA places all classes of notes issued under FMAC 1996-B on RatingAlert Negative. ... Continue reading
S&P Places Ratings for Coach USA on Watch Dev
Jun 11, 1999
Standard & Poor's placed its double-'B' corporate credit rating and its single-'B'-plus rating on $150 million subordinated notes for Coach USA Inc. on CreditWatch with developing implications. ... Continue reading
S&P Affirms Ratings for General Motors, GMAC
Jun 10, 1999
Standard & Poor's today affirmed its ratings for General Motors Corp. and its subsidiary, General Motors Acceptance Corp., following the announcement that GMAC has signed a definitive agreement to acquire BNY Financial Corp. ... Continue reading
Sonic Automotive, Inc. Announces Expansion of Acquisition Credit Facility
Jun 9, 1999
Sonic Automotive, Inc. announced that availability under its Credit Facility with Ford Motor Credit has been increased from $100 million to $150 million. ... Continue reading
ContiFinancial to Sell Triad Financial Corporation
Jun 8, 1999
ContiFinancial Corporation has entered into a definitive agreement to sell, subject to obtaining requisite state and federal regulatory approvals, Triad Financial Corporation to Fairlane Credit LLC. ... Continue reading
Ford Credit Announces Corporate Debt Issuance Philosophy
Jun 4, 1999
Ford Motor Credit Company intends to sell approximately $10 billion of senior unsecured Global Landmark Securities(TM) (GlobLS(TM)) through multi-tranche fixed and/or floating rate offerings during 1999. ... Continue reading
Sonic Automotive, Inc. Continues to Achieve Efficiencies of Scale
Jun 3, 1999
Sonic Automotive, Inc. is pleased to introduce AmeriCredit Corp. as a member of their Preferred Retail Lending Group. ... Continue reading
S&P Rates Onyx Acceptance Owner Trust 1999-B Notes 'AAA'
May 24, 1999
Standard & Poor's assigned its ratings to Onyx Acceptance Owner Trust 1999-B's class A notes and certificates (see list below). ... Continue reading
Ford Credit Auto Owner Trust 1999-B Expects AAA Rating by Fitch IBCA
May 20, 1999
Fitch IBCA expects to rate the FordCredit Auto Owner Trust 1999- B as follows: ... Continue reading
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