TEXT-S&P var rtg actions on 17 CPS Auto, Cayman deals


(The following statement was released by the rating agency) Dec 22 - Standard & Poor's Ratings Services today took the following rating actions on various CPS Auto Receivables Trust and CPS Cayman Residual Trust transactions, all of which are securitizations of subprime auto loans backed predominantly by used automobiles and light-duty trucks: -- We placed our underlying ratings (SPURs) on the class A-3 and A-4 notes from CPS Auto Receivables Trust's series 2007-B, 2007-C, and ...

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