New Pool, Less Enhancement On AmeriCredit Auto ABS

26 Jan 2007

AmeriCredit's recent $1.2 billion offering of automobile receivables-backed securities required less credit enhancement than its previous deal.

AmeriCredit's recent $1.2 billion offering of automobile receivables-backed securities required less credit enhancement than its previous deal. The deal was issued through AmeriCredit Automobile Receivables Trust in four classes of notes. Average coupon on the notes was 5.2%, said Susan Sheffield, senior v.p. and head of structured finance ...

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