National Auto Credit Announces Financial Statement Audit Schedule
Oct 29, 1998
National Auto Credit, Inc. announced that its Special Committee of the Board of Directors has engaged Grant Thornton, LLP, the Company's independent auditors, to conduct audits of its financial statements for the years ended Jan 31, 1997 and1999. ... Continue reading
DCR Assigns Ratings to Premier Auto Trust 1998-5
Oct 27, 1998
Duff & Phelps Credit Rating Co. (DCR) has assigned the following ratings to the Notes issued by Premier Auto Trust 1998-5: ... Continue reading
Oct 21, 1998
Premier Auto Trust's 1998-5 $640 million 5.07% class A-2, $450 million 5.07% class A-3, and $214.375 million 5.19% class A-4 asset-backed notes are expected to be rated `AAA' by Fitch IBCA. ... Continue reading
Ford Credit Reports Increased Earnings
Oct 14, 1998
Ford Motor Credit Company earned $272 million in the third quarter, Philippe Paillart, Ford Credit chairman and chief executive officer and Financial Services Group president, announced. ... Continue reading
S&P Cuts Ratings On Nuernberger Allgemeine Versicherung
Oct 14, 1998
Standard & Poor's lowered its counterparty credit and insurer financial strength ratings on Nuernberger Allgemeine Versicherungs - AG (NAV) to single-'A'-plus from double-'A'- minus. ... Continue reading
Lithia Motors, Inc. Enters Into Agreement With Ford Credit
Oct 13, 1998
Lithia Motors, Inc. announced that it has entered into a strategic financial agreement with Ford Credit to serve as its primary lender, providing $350 million in credit lines. ... Continue reading
Chrysler Financial Reports Record Q3 Earnings
Oct 12, 1998
Darrell L. Davis, Chairman of Chrysler Financial Corporation (CFC), announced the Company had achieved third quarter 1998 pretax earnings of $180 million, the highest quarterly pretax earnings in the Company's history. ... Continue reading
National Auto Credit Reaches New Extension Agreement With Lenders
Oct 7, 1998
National Auto Credit,announced that it has reached an agreement in principle with its lenders to further extend from 09/30/98 to 4/30/99, the maturity date of the amounts outstanding under its credit agreements, originally due on 01/21/98. ... Continue reading
TRW Outlook Revised to Negative by S&P
Oct 7, 1998
Standard & Poor's affirmed its single-'A'/'A-1' corporate credit ratings on TRW Inc. Standard & Poor's also affirmed its single-'A' senior debt rating and its 'A-1' commercial paper rating on the company. ... Continue reading
DCR Upgrades Ford Motor Co. and Ford Motor Credit Ratings
Sep 24, 1998
Duff & Phelps Credit Rating Co. has raised the debt ratings of Ford Motor Company and its automotive financing subsidiary, Ford Motor Credit Company. ... Continue reading
S&P Rates Arcadia Automobile Receivables Trust 1998-C
Sep 23, 1998
Standard & Poor's assigned its ratings to Arcadia Automobile Receivables Trust 1998-C class A-1, A-2, and A-3 notes (see list below). ... Continue reading
Westar Financial Services at Investors Conference
Sep 19, 1998
Westar Financial Services Incorporated, a prime-credit auto lessor, will update investors at the 1998 Northwest Investors Conference about its recent successes and plans for the future. ... Continue reading
Great Oaks Insurance Assigned 'Api' Rating by S&P
Sep 18, 1998
Standard & Poor's assigned its single-'Api' insurer financial strength rating to Great Oaks Insurance Co. Great Oaks Insurance is licensed in four states. Its major line of business is auto insurance. ... Continue reading
DCR Assigns Ratings to Premier Auto Trust 1998-4
Sep 16, 1998
Duff & Phelps Credit Rating Co. (DCR) has assigned the following ratings to the notes issued by Premier Auto Trust 1998-4 ... Continue reading
J.D. Power: Dealer Satisfaction with Financers at 5 Year Low
Sep 9, 1998
Overall dealer satisfaction with finance providers has reached its lowest level in five years as a result of declines in the performance of independent finance providers and banks, according to the J.D. Power and Associates 1998 Dealer Financing Satisfaction Study(SM). ... Continue reading
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