TEXT-S&P affirms 7 classes Ford Auto Securitization


(The following statement was released by the rating agency) OVERVIEW -- We reviewed our ratings on seven senior classes of notes from three outstanding Ford Auto Securitization Trust securitizations issued in 2009. -- The securitizations are backed by sales contracts secured by new and used automobiles and light-duty trucks originated by Ford Credit Canada Ltd. -- We affirmed these ratings based on the deals' respective current credit enhancement in relation to our revised expected ...

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