Report

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.
Underlying
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.

Provider
Moody's Investors Service
Moody's Investors Service

Moody's Investors Service is a leading provider of credit ratings, research, and risk analysis. Moody's commitment and expertise contributes to transparent and integrated financial markets, protecting the integrity of credit. Our ratings and analysis track debt covering more than:

  • 130 countries
    11,000 corporate issuers
    21,000 public finance issuers
    76,000 structured finance obligations



Credit ratings and research help investors analyze the credit risks associated with fixed-income securities. Such independent credit ratings and research also contribute to efficiencies in fixed-income markets and other obligations, such as insurance policies and derivative transactions, by providing credible and independent assessments of credit risk.



Moody’s default studies validate our predictive ratings. Our published research and investor briefings draw thousands of attendees each year and keep investors current with the rationale underlying our credit opinions. 

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