Fitch States Removes 424 Ambac Wrapped ABS from Watch Negative

NEW You are able to — Fitch Rankings has confirmed and removed 424 classes of resource-backed investments (ABS) wrapped by Ambac Financial Group, Corporation. (Ambac) from Rating Watch Negative. Present day rating action follows Fitch’s affirmation from the ‘AA’ Insurance provider Financial Strength (IFS) of Ambac and it is affiliated organizations on March 12.
To learn more, please make reference to ‘Fitch States Ambac’s IFS at ‘AA’ Outlook Negative’, dated Marly. 12, 2008, on Fitch Rankings site at world wide web.awesome-watch-online.com.
The rankings from the following ABS transactions are based on a financial guaranty policy supplied by Ambac Assurance Corp., a subsidiary of Ambac Financial Group, Corporation., and so are removed from Rating Watch Negative.
The next reinsurance transactions were confirmed and removed from Rating Watch Negative:
Ballantyne Re, floating-rate guaranteed notes:
–$500 million class A-2, series A ‘AA’
–$100 million class A-3, series A ‘AA’
–$100 million class A-3, series B ‘AA’
–$100 million class A-3, series C ‘AA’
–$100 million class A-3, series D ‘AA’.
The next aircraft transactions were confirmed and taken off Rating Watch Negative:
Aviation Capital Group Trust III 2005-1
–Class G-1 notes ‘AA’
Babcock & Brown Air Funding I Limited 2007-1
–Class G-1 notes ‘AA’.
The next car loan transactions were confirmed and taken off Rating Watch Negative:
AmeriCredit Automobile Receivables Trust 2004-C-A
–Class A-4 notes ‘AA’
AmeriCredit Automobile Receivables Trust 2005-D-A
–Class A-3 notes ‘AA’
–Class A-4 notes ‘AA’.
Capital One Auto Finance Trust 2004-A
–Class A-4 notes ‘AA’.
Capital One Auto Finance Trust 2005-A
–Class A-4 notes ‘AA’.
Capital One Auto Finance Trust 2006-A
–Class A-3 notes ‘AA’
–Class A-4 notes ‘AA’.
Capital One Auto Finance Trust 2007-A
–Class A-2 notes ‘AA’
–Class A-3-A notes ‘AA’
–Class A-3-B notes ‘AA’
–Class A-4 notes ‘AA’.
Triad Automobile Receivables Trust 2004-A
–Class A-4 notes ‘AA’.
The next charge card transactions were confirmed and removed from Rating Watch Negative:
Washington Mutual Master Trust 2001-D
–Class A notes ‘AA’.
The next rental vehicle transactions were confirmed and removed from Rating Watch Negative:
Rental Vehicle Finance Corp. Series 2004-1
–Class A notes ‘AA’.
Rental Vehicle Finance Corp. Series 2006-1
–Class A notes ‘AA’.
Hertz Vehicle Financing LLC 2005-2
–Class A-1 notes ‘AA’
–Class A-2 notes ‘AA’
–Class A-3 notes ‘AA’
–Class A-4 notes ‘AA’
–Class A-5 notes ‘AA’
–Class A-6 notes ‘AA’.
The next education loan transactions were confirmed and removed from Rating Watch Negative:
Use of Financial loans for Learning Education Loan Corp. – 1998 Master Trust V (CA), 2006
–Class V-A-3 notes ‘AA’
–Class V-A-4 notes ‘AA’
–Class V-A-5 notes ‘AA’.
Alaska Education Loan Corp. – 1988 Indenture of Trust (AK), 1997
–Class A This summer 1, 2008 ‘AA’
–Class A This summer 1, 2009 ‘AA’
–Class A This summer 1, 2010 ‘AA’
–Class A This summer 1, 2011 ‘AA’
–Class A This summer 1, 2012 ‘AA’
–Class A This summer 1,rolex, 2013 ‘AA’
–Class A This summer 1, 2014 ‘AA’.
Alaska Education Loan Corp. – 1988 Indenture of Trust (AK), 1998
–Class A This summer 1, 2008 ‘AA’
–Class A This summer 1, 2009 ‘AA’
–Class A This summer 1, 2010 ‘AA’ &hellip

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