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Article: Fitch IBCA Rates $761 Million John Deere Owner Trust 1999-A - Fitch IBCA -.
- Article from:
- PR Newswire
- Article date:
- May 27, 1999
CopyrightCOPYRIGHT 1999 PR Newswire Association LLC. 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, May 27 /PRNewswire/ -- Fitch IBCA rates John Deere Owner Trust 1999-A as follows:
-- $167.3 million class A-1 asset-backed notes 'F1+',
-- $262 million class A-2 asset-backed notes 'AAA'
-- $186 million class A-3 asset-backed notes 'AAA', and
-- $146.1 million class A-4 asset-backed notes 'AAA'.
The ratings are based primarily on the quality of the retail installment contracts (receivables), the level of credit enhancement, the servicing capabilities of John Deere Capital Corp. (JDCC), and the sound legal structure. The trust property includes the receivables and related collections, bank accounts into which those ...