TEXT-S&P rates FP Turbo Series 2010-1 Trust ABS


(The following was released by the rating agency) Sept 28 - Standard & Poor's Ratings Services today assigned its ratings to five classes of notes issued by Perpetual Trustee Co. Ltd. in its capacity as trustee of FP Turbo Series 2010-1 Trust (see list). The notes are backed by novated and finance lease contracts over motor vehicles that were originated by Fleet Partners Pty Ltd. The ratings reflect: -- Our view of the credit risk of the underlying portfolio of receivables; -- ...

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