TEXT-Moody's on U.S. auto loan-backed securities

Newswire

(The following statement was released by the rating agency) Dec 31 - Moody's has taken action on the underlying ratings of the following notes that are guaranteed by the financial guarantors identified below. The underlying ratings reflect the intrinsic credit quality of the notes in the absence of the guarantee. The current ratings on the below notes are consistent with Moody's practice of rating insured securities at the higher of the guarantor's insurance financial strength rating and ...

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