TEXT-S&P rates Westlake Auto Receivables Trust 2011-1 notes


(The following statement was released by the rating agency) OVERVIEW -- Westlake Automobile Receivables Trust 2011-1's note issuance is a securitization of subprime auto loan receivables. -- We assigned our ratings to the class A, B, and C notes. -- The ratings reflect our view of the transaction's credit enhancement, cash flow structure, and collateral portfolio, as well as our stress scenarios, among other factors. May 26 - Standard & Poor's Ratings Services today assigned ...

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