TEXT-S&P: Ford credit auto owner TR 2011-SRR2 rtg

Newswire

(The following statement was released by the rating agency) S&P Assigns Ford Credit Auto Owner Tr 2011-SRR2 Nt Rtg OVERVIEW -- Ford Credit Auto Owner Trust 2011-SRR2's (FCAOT 2011-SRR2's) note issuance is a securitization of a revolving pool of prime auto loan receivables originated in the U.S. -- We assigned our 'BBB- (sf)' rating to the FCAOT 2011-SRR2 note. This note serves as the underlying ABS note backing FUEL Trust's series 2011-2 notes, which have a contingent exchange ...

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