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Fitch Ratings has upgraded the long-term issuer default rating (IDR) of General Motors Financial Company Inc. (GMF, f/k/a AmeriCredit Corp.) to 'BB-' from 'B+' . The upgrade was based on the company's relationship with General Motors Company (GM), which was recently assigned an IDR of 'BB-' by Fitch.
Read More →The prolonged stressed state of the U.S. consumer and seasonal pressures pushed U.S. auto loan ABS losses and delinquencies higher in the most recent period, according to the latest Auto Loan ABS index results from Fitch Ratings.
Read More →The performance of U.S. auto loan ABS is starting to exhibit seasonal negative trends, according to the auto loan ABS indices results from Fitch Ratings.
Read More →Fitch Ratings upgraded the long-term issuer default rating (IDR) of AmeriCredit Corp. to 'B+' from 'B-' and the senior debt rating to 'BB-/RR3' from 'B/RR3'. The rating outlook is stable. Approximately $532.6 million of debt, at par, is affected by this action.
Read More →Seasonal weakness drove U.S. prime auto loan ABS losses slightly higher in January versus prior months, according to Fitch Ratings.
Read More →Fitch Ratings has upgraded the issuer default rating for Ford Motor Company and Ford Motor Credit Company to 'B-' from 'CCC'; the outlook remains positive.
Read More →Fitch Ratings has lifted the moratorium on rating auto dealer floorplan transactions and published a revised Global Dealer Floorplan (DFP) ABS criteria report. It supersedes, in its entirety, the reports titled “Rating Criteria for U.S. Dealer Floorplan ABS”, dated May 14, 2008 and “European Auto Dealer Floorplan ABS Criteria”, dated Feb. 6, 2008.
Read More →Annualized net losses (ANL) on U.S. auto ABS rose again in November in a trend likely to continue into 2010, according to Fitch Ratings.
Read More →Despite various negative indicators, U.S. auto ABS delinquency and annualized net losses (ANL) actually improved at a time of the year when performance characteristically begins to deteriorate, according to Fitch Ratings.
Read More →Fitch Ratings assigned a 'CC/RR6' rating to Ford Motor Company's issuance of $2.875 billion seven-year senior unsecured convertible notes, a positive ratings outlook.
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