TEXT-Fitch Affirms 19 SMART Auto ABS Notes

Newswire

(The following was released by the rating agency) SYDNEY, June 24 (Fitch) Fitch Ratings has affirmed SMART Series 2009-1 Trust, SMART Series 2010-1US Trust, and SMART Series 2010-2 Trust. The three transactions are securitisations of auto and equipment receivables originated by Macquarie Leasing Pty Limited. The rating actions are listed at the end of this commentary. The rating actions reflect Fitch's view that the transactions are able to cover future losses with available excess ...

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