Hyundai Motor Co. and American Honda Finance Corp. are marketing two auto securitization deal that will be sized at $1.5 billion and $1bln respectively.
Moody's Investors Service said in two separate presale reports today that it plans to rate the two auto securitizaion deals that are being issued by Hyundai and Honda.
Hyundai's $1.51bn auto receivables trust 2012-C securitization will offer investors three tranches of Moody's 'Aaa' rated notes. Moody's also rated the class B notes of the deal's capital structure an 'Aa2' and the class C notes, 'A2'.
Honda's deal, which is also rated by Moody's,