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S&P Credit Research1072 word report
published Nov 04, 2009
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$100.00 available for immediate download
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S&P Credit Research
| Abstract: | OVERVIEW USAA Auto Owner Trust 2009-2 is a securitization of prime auto loan receivables. We assigned our preliminary 'AAA' ratings to the class A notes. The preliminary ratings reflect our view of the transaction's credit support, collateral characteristics, and payment and legal structures, as well as our cash flow modeling scenarios. NEW YORK (Standard&Poor's) Nov. 4, 2009--Standard&Poor's Ratings Services today assigned its preliminary ratings to USAA Auto Owner Trust 2009-2's $1.0 billion asset-backed notes (see ratings list). The preliminary ratings are based on information as of Nov. 4, 2009. Subsequent information may result in the assignment of final ratings that differ from the preliminary ratings. The preliminary ratings reflect our opinion of: The availability of approximately
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| Brief Excerpt: | RESEARCH Ratings Definitions USAA Auto Owner Trust 2009-2 $1.0 Billion Class A Notes Assigned Preliminary '###' Ratings Publication date: 04-Nov-2009 Primary Credit Analyst: Renee Ma, CFA, New York (1) 212-438-5044; renee_ma@standardandpoors.com...
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| Report Type: | Ratings Action
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| Issuer: | USAA Auto Owner Trust 2009-2
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| Sector: | Structured Finance
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| Country: | United States
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| Region: | United States
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| Free Sample: |
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S&P Credit Research provides analysis on issuers and debt obligations of corporations, states and municipalities, financial institutions, insurance companies and sovereign governments. S&P also offers insight into the credit risk of structured finance deals, providing an independent view of credit risk associated with a growing array of debt-securitized instruments.
Also from S&P Credit Research
- USAA Auto Owner Trust 2009-2 $980 Million Class A Notes Rated $100.00
OVERVIEW USAA Auto Owner Trust 2009-2 is a securitization of prime auto loan receivables. We assigned our 'AAA' ratings to the class A-1 through A-4 notes. The ratings reflect our view of the transaction's credit support, collateral characteristics, ...
