AUTO ABS DFP MASTER COMPARTMENT FRANCE 2013 - Moody's Global Credit Research

AUTO ABS DFP MASTER COMPARTMENT FRANCE 2013

AUTO ABS DFP MASTER COMPARTMENT FRANCE 2013 - Moody's Global Credit Research
AUTO ABS DFP MASTER COMPARTMENT FRANCE 2013
Published Jan 04, 2017
Published Jan 04, 2017
Price US$ 750.00  |  Buy this Report Now

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Performance Overview

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AUTO ABS DFP MASTER COMPARTMENT FRANCE 2013
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Auto ABS DFP Master Compartment France 2013: New Issue Auto ABS DFP Master Compartment France 2013 - New Issue Report – 2020/09/21 – US$ 250.00 – ...Auto ABS DFP Master Compartment France 2013, is a revolving cash securitisation of dealer floorplan receivables in France. Dealers finance with these short-term receivables new, demonstration and used cars from Peugeot, Citrodn and DS brands. The originator is CREDIPAR (NR), directly owned by PSA Banque France (A3/P-2; A2(cr)/P-1(cr)). The notes are issued out of a master programme structure that was created in 2013. The 2020 issuance includes a five year revolving period that allows for further issuance of Class A, Class S and Class B notes up to the maximum amount. Our analysis focused, among other factors, on (1) the strength and size of the manufacturer, (2) risks associated with default of the seller, (3) historical performance information of the total book, (4) evaluation of the underlying floorplan receivables, (5) the credit enhancement provided by subordination, (6) the liquidity support available in the transaction by way of the reserve fund and available principal to pay interest,...

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Moody's Global Credit Research—Moody's Investors Service, a leading global credit rating, research and risk analysis firm, publishes credit opinions, research, and ratings on fixed-income securities, issuers of securities and other credit obligations. Credit ratings and research help investors analyze the credit risks associated with fixed-income securities. Ratings also create efficiencies in fixed-income markets and similar obligations, such as insurance and derivatives, by providing reliable, credible, and independent assessments of credit risk. For issuers, Moody's services increase market liquidity and may reduce transaction costs.

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MLA:
Moody's Global Credit Research. "AUTO ABS DFP MASTER COMPARTMENT FRANCE 2013" Jan 04, 2017. Alacra Store. May 02, 2024. <http://www.alacrastore.com/moodys-credit-research/AUTO-ABS-DFP-MASTER-COMPARTMENT-FRANCE-2013-PBS_SF445870>
  
APA:
Moody's Global Credit Research. (). AUTO ABS DFP MASTER COMPARTMENT FRANCE 2013 Jan 04, 2017. New York, NY: Alacra Store. Retrieved May 02, 2024 from <http://www.alacrastore.com/moodys-credit-research/AUTO-ABS-DFP-MASTER-COMPARTMENT-FRANCE-2013-PBS_SF445870>
  
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