TEXT-S&P raises, affirms Ford Credit auto notes

Newswire

(The following statement was released by the rating agency) NEW YORK, Nov 17 - Standard & Poor's Ratings Services today raised its ratings on 20 classes of certificates and notes from eight Ford Credit Auto Owner Trust asset-backed transactions, which were originated between 2000 and 2002. At the same time, the ratings on 24 classes from nine Ford Credit Auto Owner Trust transactions are affirmed (see list). The raised ratings reflect increased loss protection percentages due to the ...

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