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

Navidec Joins Forces with Automotive Lease Guide

Mar 16, 1999

Denver-based Navidec Inc. announced a partnership with Automotive Lease Guide (ALG) based in Santa Barbara, California ... Continue reading

AutoBond Preferred Dividend Announcement

Mar 15, 1999

AutoBond Acceptance Corporation will not pay the dividend payment for its preferred stock in the amount of $0.375 per share due on March 31, 1999 ... Continue reading

DCR Rates Premier Auto Trust 1999-1 Asset-Backed Securities

Mar 10, 1999

Duff & Phelps Credit Rating Co. has assigned preliminary ratings of `D-1+` to the $325m Class A-1 notes, `AAA` to the $520m Class A-2 notes, $510m Class A-3 notes, and $329,367,000 Class A-4 notes issued by Premier Auto Trust 1999-1. ... Continue reading

DCR Rates Capital Auto Receivables Asset Trust 1999-1

Mar 1, 1999

Duff & Phelps Credit Rating Co. (DCR) has assigned the following preliminary ratings to the asset-backed notes issued by Capital Auto Receivable Asset Trust 1999-1: ... Continue reading

Americredit Corp. Announces $700 Million Asset-backed Securitization

Feb 15, 1999

Americredit Corp. announced the pricing of a $700 million offering of automobile receivables-backed securities through Credit Suisse First Boston, Bear, Stearns & Co. Inc., Chase Securities Inc., and NationsBanc Montgomery Securities LLC. ... Continue reading

DCR Provides Credit Outlook for the Big Three Automakers

Feb 11, 1999

The positive and negative factors that are shaping the credit quality outlook for the U.S. Big Three automakers are outlined in a newly published Duff & Phelps Credit Rating Co. (DCR) report. ... Continue reading

Arvin 'BBB' Senior Debt Affirmed by Fitch IBCA on Purolator Acquisition

Feb 8, 1999

Arvin Industries, Inc.'s (Arvin) outstanding senior debt and capital securities are affirmed at 'BBB' and 'BBB-', respectively, by Fitch IBCA. ... Continue reading

DCR Comments on 1998 Automobile Lease Transactions

Feb 8, 1999

Duff & Phelps Credit Rating Co. saw an increase in the volume of private securitizations backed by leases on automobiles and light trucks during 1998. DCR rated four transactions with a total dollar volume of approximately $713 million. ... Continue reading

DCR Ratings of Sub-prime Auto Loan Securitizations

Feb 8, 1999

During 1998, the number of sub-prime auto loan securitizations rated by Duff & Phelps Credit Rating Co. (DCR) was down slightly from the previous year in which eleven deals were rated. ... Continue reading

DCR Maintains Goodyear Tire at 'A-'

Feb 4, 1999

Duff & Phelps Credit Rating Co. is maintaining the debt ratings of The Goodyear Tire & Rubber Company in light of Goodyear's announcement that it will pay $936 million to enter into a global alliance with Sumitomo Rubber Industries, Ltd. ... Continue reading

APCO Renews Agreement With American Honda Finance Corp

Jan 29, 1999

Automobile Protection Corporation announced that it has renewed its agreement with American Honda Finance Corporation (AHFC), a subsidiary of American Honda Motor Co.,Inc. ... Continue reading

DCR Reaffirms Ford, Ford Motor Credit Debt Ratings

Jan 29, 1999

Duff & Phelps Credit Rating Co. has reaffirmed the debt and preferred stock ratings of Ford Motor Company in light of Ford's announced agreement to buy the worldwide passenger vehicle business of AB Volvo for $6.45 billion. ... Continue reading

Credit Acceptance Corporation Reports 1998 Earnings

Jan 28, 1999

Credit Acceptance Corporation announced that consolidated net income for the year ended December 31, 1998 was $24,966,000 or $.53 per diluted share compared to $1,537,000 or $.03 per diluted share for the year ended December 31, 1997. ... Continue reading

Ford 'A+' Senior Debt Affirmed by Fitch IBCA on Volvo Car Acquisition

Jan 28, 1999

Ford Motor Co.'s (Ford) 'A+' senior debt rating is affirmed by Fitch IBCA following Ford's agreement to purchase AB Volvo's worldwide passenger car business for SEK 50 billion (approx. $6.45 billion). ... Continue reading

Honda Auto Receivables 1999-1 Owner Trust Notes Rated

Jan 22, 1999

Fitch IBCA expects to rate Honda Auto Receivables 1999-1 Owner Trust's $179.424 million 4.974% class A-1 notes 'F1+' and $195 million 5.186% class A-2, $208 million 5.30% class A-3 and $110.608 million 5.35% class A-4 notes 'AAA'. ... Continue reading