--Amelia Granger
Ford Motor Credit’s $1.4 billion prime auto loan securitization brushed off any concerns about new collateral disclosure rules and rating agency liability issues.
The deal was the first to comply with U.S. Securities and Exchange Commission rule 17g-5, which requires issuers of securities to post information about the underlying collateral on a secure web site to non-hired rating agencies. The other major regulatory issue to brush up against the deal was the Dodd-Frank Act’s repeal of rule 436(g).....