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Article: S&P Assigns Prelim Rtgs to Canadian Tire Rec Trust.
- Article from:
- Business Wire
- Article date:
- July 18, 2001
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Business Editors
TORONTO--(BUSINESS WIRE)--Standard & Poor's
July 18, 2001--Standard & Poor's today assigned its preliminary ratings to Canadian Tire Receivables Trust's C$315 million fixed-rate asset-backed notes series 2001-1.
The preliminary ratings are based on information as of July 18, 2001. Subsequent information may result in the assignment of final ratings that differ from the preliminary ratings.
The preliminary ratings reflect sufficient credit enhancement protection for the notes at their respective levels. Credit enhancement to the senior noteholders is provided by a 5% subordinated note class and 6.5% of receivables ...