Moody's upgrades to Aaa (sf) the rating of Class B notes in E-Carat 4 plc, a UK auto ABS deal
London, 01 February 2017-- Moody's Investors Service has today upgraded to Aaa from Aa1 the ratings of Class B notes in E-Carat 4 plc.. Today's rating actions reflect the deleveraging of the transactions resulting in the build-up of credit enhancement, as well as better-than-expected collateral performance. This is a static cash securitisation of auto loans issued in October 2014 and extended to obligors in the United Kingdom by GMAC UK Plc..
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