TEXT-S&P rates German and French auto lease ABS deal EMOT 2012-1

Newswire

(The following statement was released by the rating agency) Apr 26 - OVERVIEW -- We have assigned ratings to EMOT 2012-1's term notes and variable funding notes. -- EMOT's notes are backed by a revolving portfolio of French and German dealer floor plan loan receivables, originated by GMAC Banque in France and GMAC Bank in Germany. Standard & Poor's Ratings Services today assigned credit ratings to EMOT 2012-1's floating-rate class A to D term notes, and class A to D variable funding ...

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