TEXT-S&P rts E-CARAT's compartment 2 German auto ABS transaction

Newswire

(The following statement was released by the ratings agency) Oct 28 - OVERVIEW -- We have assigned credit ratings to E-CARAT, Compartment 2. -- The originator for this transaction is GMAC Bank [GMADOB.UL] . -- The collateral comprises auto loan receivables backed by certain vehicles and ancillary collateral. Standard & Poor's Ratings Services has assigned credit ratings to E-CARAT S.A.'s EUR477.0 million class A and B floating-rate notes, acting for Compartment 2 (E-CARAT). ...

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