| Title: | Presale: Capital Auto Receivables Asset Trust 2008-2 |
| Price: | $400.00 |
| Publication Date: | May 06, 2008 |
| Report Type: | Full Report |
| Abstract: | The preliminary ratings assigned to Capital Auto Receivables Asset Trust 2008-2's (CARAT 2008-2) auto receivables asset-backed notes series 2008-2 reflect: The credit quality of the underlying pool, which has a weighted average FICO score of 717.27 and consists of prime automobile loans; The timely interest and principal payments made under stressed cash flow modeling scenarios that are consistent with the ratings assigned to each class of notes; The credit enhancement (see the credit enhancement summary table above); and The sound legal structure. The series 2008-2 transaction represents GMAC LLC's (GMAC) second public retail auto loan securitization this year. The series 2008-2 issuance primarily includes prime automobile loans and will be structured as an owner trust, similar to previous CARAT transactions. |
| Brief Excerpt: | RESEARCH Ratings Definitions Presale: Capital Auto Receivables Asset Trust ####-# Publication date: ##-May-#### Primary Credit Analysts: Mark O'Neil, New York (#) ###-###-####; mark_o'neil@standardandpoors.com Jennie Lam, New York... |
| Word Count: | 2950 |
| Sector: | Structured Finance, Commercial MBS, Residential MBS, Servicer Evaluations, Asset-Backed Securities, Collateralized Debt Obligations, Real Estate Companies, Asset-Backed Commercial Paper |
| Format: | 
HTML
|
| Free Sample: |
Click
Here
to Download
|
Looking For Something Else?
