TEXT-S&P Rates Primus's Japan Auto Securitization

Newswire

(Release provided by ratings agency) TOKYO, Jan 30 - Standard & Poor's Ratings Services said today that it had assigned its ratings to PRIMUS Japan Funding 04-A TMK's (PRIMUS Japan) JPY42.1 billion auto loan-backed fixed-rate notes classes A-P due February 2010 (see list below). The notes are ultimately backed by a pool of auto loans originated by PRIMUS Financial Services Inc. The ratings address the full and timely payment of monthly interest and the ultimate repayment of principal ...

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