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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?


To: orkrious who wrote (1526)10/16/2003 6:39:52 PM
From: ild  Read Replies (2) | Respond to of 110194
 
May be you know how Ford and GM are able to issue AAA rated ABS?
Have you seen any statistics on Ford/GM loan delinquencies?



To: orkrious who wrote (1526)10/16/2003 7:39:48 PM
From: ild  Respond to of 110194
 
From Bloomberg:

Ford Motor Credit had net income of $504 million, up from $210 million a year ago. The results reflect a lower provision for credit losses and lower borrowing costs, the company said.

Ford has about $179 billion in debt, up from $162 billion a year ago. The company has about $20 billion from its automotive operations and $159 billion in financial services.

quote.bloomberg.com