TEXT-S&P rates Globaldrive auto receivables 2009-C ABS deal


(The following statement was released by the rating agency) Sept 25 - OVERVIEW -- We assigned preliminary ratings to the asset-backed fixed- and floating-rate notes to be issued by Globaldrive Auto Receivables 2009-C. -- The collateral comprises auto loan receivables originated by the German branch of FCE Bank. -- This will be FCE Bank's ninth German publicly rated transaction. Standard & Poor's Ratings Services has assigned its preliminary credit ratings to the fixed- and ...

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