Business Services Industry

Fitch Issues Presale Report on Pinnacle Capital Asset Trust 2006-A

Business Wire, Oct 16, 2006

NEW YORK -- Fitch Ratings has issued a presale report today on Pinnacle Capital Asset Trust 2006-A discussing the rating analysis behind Fitch's expected ratings on the offered notes. The collateral securing the notes consists of pools of prime and nonprime retail auto loans and auto leases originated or acquired by Nuvell Credit Company LLC, Saab Financial Services LLC and American Suzuki Financial Services Company LLC; each are subsidiaries of Basic Credit Holding Company, LLC, which is a wholly owned direct subsidiary of GMAC LLC.

The presale report is available to all investors on Fitch's corporate site, www.fitchratings.com. For more information about Fitch's comprehensive subscription service Fitch Research, which includes all presale reports, surveillance, and credit reports on more than 20 asset-backed securities (ABS) asset classes, including collateralized debt obligations (CDOs), contact product sales at 1-212-908-0800 or at webmaster@fitchratings.com.

Fitch's rating definitions and the terms of use of such ratings are available on the agency's public site, www.fitchratings.com. Published ratings, criteria and methodologies are available from this site, at all times. Fitch's code of conduct, confidentiality, conflicts of interest, affiliate firewall, compliance and other relevant policies and procedures are also available from the 'Code of Conduct' section of this site.

COPYRIGHT 2006 Business Wire
COPYRIGHT 2008 Gale, Cengage Learning

 

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