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Article: Fitch Rates COPAR 2007-1.
- Article from:
- Business Wire
- Article date:
- June 28, 2007
CopyrightCOPYRIGHT 2007 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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NEW YORK -- Fitch rates Capital One Prime Auto Receivables Trust (COPAR) 2007-1 asset-backed notes as follows:
--$279,000,000 5.3444% class A-1 'F1+';
--$325,000,000 5.43% class A-2 'AAA';
--$308,000,000 5.47% class A-3 'AAA';
--$283,090,000 LIBOR + 0.02% class A-4 'AAA';
--$54,910,000 5.76% class B 'A'.
The ratings are based on the high quality of the retail auto receivables originated and serviced by Capital One Auto Finance, Inc. (COAF), available credit enhancement, and the transaction's sound legal and cash flow structures.