| Title: | Presale: DaimlerChrysler Auto Trust 2008-B |
| Price: | $400.00 |
| Publication Date: | May 05, 2008 |
| Report Type: | Full Report |
| Abstract: | The preliminary ratings assigned to DaimlerChrysler Auto Trust 2008-B's asset-backed notes series 2008-B reflect: The characteristics of the pool being securitized; The credit enhancement in the form of subordination, a reserve account, overcollateralization, and excess spread that is augmented through the yield supplement overcollateralization amount (YSOA); The extensive performance and collateral data provided by DaimlerChrysler Financial Services Americas LLC (DCFS); The timely interest and principal payments made under stressed cash flow modeling scenarios appropriate to the rating categories; and The sound legal structure. Higher delinquencies and projected net losses for recent outstanding securitizations, combined with higher managed portfolio losses and delinquencies, led Standard&Poor's Ratings Services to increase its expected loss range for this transaction to 2.80%-3.10% from 2.70%-2.90% |
| Brief Excerpt: | RESEARCH Ratings Definitions Presale: DaimlerChrysler Auto Trust ####-B Publication date: ##-May-#### Primary Credit Analysts: Srabani C Lal, New York (#) ###-###-####; srabani_chandr##lal@standardandpoors.com Jerry Kalmus, New York... |
| Word Count: | 3273 |
| Sector: | Structured Finance, Servicer Evaluations, Asset-Backed Securities, Collateralized Debt Obligations, Real Estate Companies, Asset-Backed Commercial Paper, Commercial MBS, Residential MBS |
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