Moody's announces completion of a periodic review of ratings of Credit Acceptance Corporation

Announcement of Periodic Review: Moody's announces completion of a periodic review of ratings of Credit Acceptance Corporation. Global Credit Research- 23 Jun 2021. New York, June 23, 2021-- Moody's Investors Service has completed a periodic review of the ratings of Credit Acceptance Corporation and other ratings that are associated with the same analytical unit.
Credit Acceptance Corp.

Credit Acceptance provides financing programs that enable automobile dealers to sell vehicles to consumers. The company refers to automobile dealers who participate in its programs as Dealers. The company has two programs: the Portfolio Program and the Purchase Program. Under the Portfolio Program, the company advances money to Dealers in exchange for the right to service the underlying retail installment contracts (Consumer Loans). Under the Purchase Program, the company buys the Consumer Loans from the Dealers and keeps all the amounts collected from the consumer. The company provides Dealers the ability to provide vehicle service contracts to consumers through its relationships with Third Party Providers.

Moody's Investors Service
Moody's Investors Service

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