Ford sells $3.9 bln of receivables into FCAR

Published July 7, 2004 12:00 AM EDT 1 Min Read

Ford Motor Credit recently sold more than $3.9 billion of auto ABS into its FCAR conduit, the company announced today. The bulk of the purchase, $3.92 billion, was in the form of triple-A rated A class paper, with $62 million in the form of double-A rated B class subordinate notes. This represents the third time Ford has sold double-B rated paper into FCAR.

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