TEXT-S&P assigns (P) AAA rating to Orient Corp Auto Loan notes

Newswire

(The following statement was released by the ratings agency). LONDON, May 23 - Standard & Poor's Ratings Services said today that it had assigned its preliminary 'AAA' ratings to Oracle Eta Special Purpose Co. (Oracle Eta)'s JPY31.3 billion bonds ('tokutei shasai') classes A through M. The bonds are ultimately backed by a pool of auto loan receivables originated by Orient Corp. (Orico). The preliminary ratings are based on information as of May 23, 2003. Subsequent information may ...

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