TEXT-S&P rts CARS ALLIANCE AUTO LOANS GERMANY FCT S. 2010-1 nts

Newswire

(The following statement was released by the ratings agency) June 25 OVERVIEW -- We are assigning preliminary credit ratings to the class A1 and B asset-backed floating-rate series 2010-1 notes to be issued by Cars Alliance Auto Loans Germany FCT. -- This transaction will refinance a portfolio of auto loans receivables originated in Germany and restructure a transaction issued by CARS ALLIANCE AUTO LOANS GERMANY FCC in 2007. Standard & Poor's Ratings Services today assigned its ...

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