By BFN News | 09:09 AM | Wednesday 03 December, 2014
Fitch Ratings has affirmed E-Carat's £100.8m class A notes at 'AAAsf' with a stable outlook. E-Carat is a securitisation of auto loan receivables originated by GMAC UK, which also acts as the servicer. The securitised portfolio consists of secured, fixed-rate loans advanced to UK residents for the purchase of new (79.8%) and old (20.2%) vehicles. The transaction is static and does not include any balloon loans. Story provided by StockMarketWire.
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